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(Eagle News)–Inflation slowed down further to 2.1 percent last month, the Philippine Statistics Authority reported on Friday, June 5. According to the PSA, this was slower than the 2.2 percent recorded in April, with year-to-date inflation for 2020 pegged at 2.5 percent as a result. The PSA said in May 2019, inflation was higher at 3.2 percent. The slowdown in the headline inflation in May was mainly driven by the 5.6 percent annual drop in […]
TOKYO, Japan (AFP) — Consumer prices in Japan fell for the first time in more than three years last month, official data showed Friday, dragged down by the coronavirus pandemic and collapsing oil prices. Core prices in April, excluding volatile fresh food, slipped 0.2 percent from a year earlier, reversing a rise of 0.4 percent in March, according to the internal affairs ministry. It was the first drop in 40 months, the ministry said, and […]
(Eagle News)–Inflation further cooled to 2.2 percent in April, bringing the year-to-date inflation for this year to only 2.6 percent. The Philippine Statistics Authority said the 2.2 percent last month was slower than the 2.5 percent annual increase in March 2020. Contributing to the downtrend in the headline inflation in April was the further decrease in the annual rate of transport index at 6.1 percent, the PSA said. The PSA said this was the lowest […]
(Eagle News)–Inflation further eased to 2.5 percent in March 2020, amid the coronavirus disease 2019 crisis. The Philippine Statistics Authority said this was slower than the 2.6% recorded in February, and the 3.3% in March last year. The PSA said the slowdown was primarily due to the drop in the transport index, at an annual rate of 1.8 percent. Slower annual increments in the indices of alcoholic beverages and tobacco at 18.0 percent; and housing, […]
(Eagle News) — Inflation further slowed in February, clocking in at 2.6 percent, the Philippine Statistics Authority reported on Thursday, March 5. According to the PSA, inflation rate in January was pegged at 2.9 percent and at 3.8 percent in February 2019. The PSA said the downtrend in the inflation was due to the “slower annual increase in the heavily-weighted food and non-alcoholic beverages index at 2.1 percent during the month.” “In addition, annual increments […]
(Eagle News)–The uptick in the inflation rate in December 2019 is well within the government’s target, the Palace said on Tuesday, Jan. 7. In a statement, Presidential Spokesperson Salvador Panelo said the 2.5 percent, while an increase from November 2019’s 1.3% was well within the target range of 2% to 4%. According to Panelo, based on the National Economic and Development Authority, the December 2019 inflation rate was due to an increase in the prices […]
(Eagle News)-The country’s inflation rate increased further at 2.5 percent in December 2019, the Philippine Statistics Authority said. According to the PSA, the increase from the 1.3 percent recorded in November 2019 was due to the 1.7 percent annual increments recorded in the heavily-weighted food and non-alcoholic beverages index. The PSA said in November 2019, the food and non-alcoholic beverages index registered an annual rate of zero percent. The PSA also noted that the annual […]
(Eagle News) — The Palace on Friday, Dec. 6, gave the assurance the higher inflation rate in November was “not a cause for alarm.” Presidential Spokesperson Salvador Panelo said that although the country registered a 1.3 percent rate, higher than the 0.8 percent in October this year, “for the first 11 months of this year, inflation rate averaged at 2.5%, which the Department of Trade and Industry says is ‘still a very tamed inflation rate..” […]
(Eagle News)–Inflation eased further to 0.8 percent in October, the lowest recorded since May 2016. The Philippine Statistics Authority said the October rating was lower than the 0.9 percent recorded in September, and the one recorded in October 2018 or 6.7 percent. The PSA said the downtrend was mainly due to the 0.9 percent annual drop registered in the heavily-weighted food and non-alcoholic beverages index. The annual rate of transport index also went down further […]
(Eagle News)–The Palace has welcomed the 0.9 percent inflation rate recorded in September, saying this was proof the government was “delivering results” despite criticisms. In a statement, Communications Secretary Martin Andanar said the National Economic and Development Authority in particular “attributes the slowdown in part to the success of the Rice Tariffication Law which has allowed consumers to enjoy lower prices of rice because of higher supply.” He said NEDA has also “assured to fast-track […]
(Eagle News)–Inflation slowed further to 0.9 percent in September, the lowest since June 2016. The Philippine Statistics Authority reported on Friday, Oct. 4, the downtrend was primarily due to the “0.9 percent annual rate of decrease in the index of heavily-weighted food and non-alcoholic beverages.” The PSA noted there was also a decrease in the annual change of the transport index– 0.9 percent–and lower annual increases in the following commodity groups: Clothing and footwear, 2.7%; […]
(Eagle News)–Inflation further went down to 1.7 percent in August, data released on Thursday, Sept. 5, by the Philippine Statistics Authority showed. The PSA said this was the lowest inflation rate since the 1.8 percent recorded in October 2016. Inflation in July was at 2.4 percent, while in August 2018, it was pegged at 6.4 percent. According to the PSA, the slowdown of inflation in August was “mainly due to the slower annual increase in […]
