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(Eagle News)–The Philippines ‘ headline inflation increased to 3.8% in April, the Philippine Statistics Authority said on Tuesday, May 7. Based on PSA data, this was 0.1 percent higher than the 3.7% registered in March. The PSA said the uptrend in the overall inflation was primarily influenced by the “higher year-on-year increase in the heavily-weighted food and non-alcoholic beverages at 6.0 percent during the month from 5.6 percent in March 2024.” The faster annual growth […]
(Eagle News)–Overall inflation in the Philippines eased to 4.9% in October, slower than the 6.1% reported the month before, the Philippine Statistics Authority reported on Tuesday, Nov. 7. According to the PSA, with the figure, the national average inflation from January to October 2023 is 6.4 percent. “The downtrend in the overall inflation in October 2023 was primarily brought about by the slower year-on-year increase in the heavily-weighted food and non-alcoholic beverages at 7.0 percent […]
(Eagle News)–The Philippines’ inflation rate slowed to 5.4 percent in June, the Philippine Statistics Authority said. According to the PSA, this is the fifth consecutive month of deceleration in the country’s headline inflation. The average inflation rate for the first semester of 2023 stood at 7.2 percent. The PSA said the downtrend of the overall inflation was primarily influenced by the slower annual increase in the heavily-weighted food and beverages category, pegged at 6.7 percent, […]
(Eagle News) — Inflation remained at 4.5 percent in May, the country’s recorded level of inflation since March 2021. According to the Philippine Statistics Authority, the flat inflation rate was due to mixed movements in the annual growth rates in the indices of the commodity groups. The PSA said the annual growth rates in the indices of clothing and footwear; housing, water, electricity, gas, and other fuels; furnishing, household equipment and routine maintenance of the […]
(Eagle News) — Inflation continued to ease in the fourth quarter of 2019, bringing year-to-date average inflation well within the the government’s announced target range, the Bangko Sentral ng Pilipinas said on Friday, Jan. 24. According to the BSP, the headline inflation of 1.6 percent in the fourth quarter of last year, down from the 1.7 percent in the third quarter, brought year-to-date average inflation to 2.5 percent, which is within the target range of […]
