Tag: inflation

PSA: Headline inflation in June drops to 2.7%, lowest since September 2017

(Eagle News)–Headline inflation in the Philippines decelerated to 2.7 percent in June 2019, the lowest recorded since September 2017, the Philippine Statistics Authority said. According to the PSA, the slowdown was due mainly to “slower annual rate posted in the index of the heavily-weighted food and non-alcoholic beverages at 2.7 percent.” The PSA said the “slower annual increments” in the indices of the following commodity groups also contributed to the slowdown: Alcoholic beverages and tobacco, […]

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June 2019 inflation slows down to 2.7 percent becoming lowest recorded since Sept 2017

  (Eagle News) – The country’s inflation for June decelerated to 2.7 percent, becoming the lowest recorded since September 2017. This was according to the Philippine Statistics Authority which noted that the inflation last May was higher at 3.2 percent. If the inflation rate will be compared to June last year, the June 2018 inflation is much higher, or almost double, at 5. 2 percent. “The slowdown of inflation in June 2019 was mainly driven […]

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Inflation registers at 3.2 percent in May

(Eagle News)—Inflation picked up at 3.2 percent in May, faster than last month’s 3 percent but slower than last year’s 4.6 percent, data from the Philippine Statistics Authority showed. According to the PSA, the “uptrend was primarily brought about by higher annual rates posted in the heavily-weighted food and non-alcoholic beverages index at 3.4 percent; and housing, water, electricity, gas, and other fuels index at 3.3 percent.” The PSA said slower annual increments, on the […]

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Palace confident inflation will ease further

(Eagle News) — The Palace on Tuesday, March 5, said it expects “further improvement and disinflation” following the deceleration of inflation in February. Presidential Spokesperson Salvador Panelo issued the statement after the Philippine Statistics Authority made the announcement the country’s inflation rate last month fell within the 3.7 percent to 4.5 percent projection set by the Bangko Sentral ng Pilipinas. Panelo attributed the “positive development” to the “macroeconomic policies of the Duterte administration.” “We expect […]

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Inflation further slows down to 3.8 percent in February 2019

  (Eagle News) — The country’s headline inflation slowed down further to 3.8 percent in February 2019, considered the “lowest inflation rate since March 2018,” according to the Philippine Statistics Authority. The 3.8 percent in February was much lower than the 4.4 percent in the previous month and below market expectations of 4 percent. The same 3.8 percent inflation rate was also posted in February last year. “The main drivers in the downtrend of inflation […]

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China’s January inflation comes in slower than expected

BEIJING, China (AFP) — Factory and consumer price inflation in China rose at a slower rate than expected in January as global growth cools and the US trade war drags on, official data showed Friday. The producer price index (PPI) — an important barometer of the industrial sector that measures the cost of goods at the factory gate — rose 0.1 percent on-year in January, compared with a 0.9 percent rise the previous month. The […]

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Argentines protest in push for ‘food emergency’ declaration

BUENOS AIRES, Argentina (AFP) — Thousands took to the streets in 50 Argentine cities and towns Wednesday demanding that the government declare a “food emergency” and put an end to suffocating price increases. “We are losing work, food, education, housing… it’s desperation that is emerging among our people,” said Osvaldo Ulacio, 60, as he marched in the capital Buenos Aires. “They have left us no other tool than to come out in the streets to […]

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Lower inflation recorded in January 2019 at 4.4 percent, says PSA

    (Eagle News) – The country’s inflation in the first month of the year continued to slow down at 4.4 percent, much lower than last December’s 5.1 percent, according to the latest data from the Philippine Statistics Authority (PSA). Although this was relatively lower compared to the last half of the year, the inflation in January this year was still higher than January 2018’s 3.4 percent. The PSA said that this was “primarily due […]

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China factory gate inflation dives as trade war rumbles on

BEIJING, China (AFP) — The cost of producing goods in China’s factories slowed sharply in December, a sign demand remains weak as the US trade war drags on, while consumer inflation also flagged, official data showed Thursday. The producer price index (PPI) — an important barometer of the industrial sector that measures the cost of goods at the factory gate — rose 0.9 percent on-year in December, compared with a 2.7 percent rise the previous […]

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Arroyo welcomes slowdown in December 2018 inflation rate

(Eagle News)—Speaker Gloria Arroyo on Saturday, Jan. 5, welcomed the slowdown in inflation rate in December last year. In a statement, Arroyo said the  “focus must now be on implementing things quickly and efficiently, in all fronts.” “In general, to the extent that so-called domestic supply side factors are involved, the government’s agencies must act quickly on the implementation side, to get the plans and programs going on the ground and produce results our people will […]

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US Fed could rethink rate hikes as Trump trade wars drag on economy

by Heather SCOTT Agence France Presse WASHINGTON, United States (AFP) — The US central bank sent a strong signal on Friday that it would be willing to reconsider expected interest rate hikes amid new data showing President Donald Trump’s multi-front trade wars are dragging on the economy and shaking up investors. The message, from the senior Federal Reserve official with the closest links to US financial markets, sent the Dow Jones Industrial Average surging 300 […]

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Palace welcomes report on slower inflation

(Eagle News)—The Palace on Wednesday, Dec. 5, welcomed the recent report inflation had eased to 6 percent, attributing the same to the measures put in place by the government. “These measures address issues on food supply, among others, as there is a marked decrease in food inflation from 9.4 percent in October to 8 percent in November. Prices of rice, corn, fish, meat, fruits and vegetables have gone down,” Panelo said, welcoming the report as […]

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