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(Eagle News)–The Philippines’ headline inflation slightly accelerated to 3.9% in May 2024, the Philippine Statistics Authority said. According to PSA data, this was 0.1 percent higher than the 3.8 percent registered in April. It brings the national average inflation from January to May to 3.5 percent. The PSA said the uptrend in the overall inflation in May was primarily influenced by the higher year-on-year increase in the index of the housing, water, electricity, gas and […]
(Eagle News)–The Philippines’ inflation accelerated to 3.7 percent in March 2024, the Philippine Statistics Authority reported on Friday, April 5. The PSA said in February, inflation was at 3.4 percent. The March 2024 inflation rate was, however, lower than the 7.6 percent inflation rate recorded in the same month last year. The PSA said the uptrend in the overall inflation in March was primarily influenced by the higher year-on-year increase in the heavily-weighted food and […]
(Eagle News)–The Bangko Sentral ng Pilipinas expects the country’s January 2024 inflation to settle within the 2.8 to 3.6 percent range. Inflation measures how fast the prices of goods and services are rising. In its month-ahead inflation forecast, the BSP said the higher prices of some agricultural items, like rice, meat, fruits, and fish, along with increased petroleum prices, electricity and water rates, annual adjustment in sin taxes, and the depreciation of the peso are […]
(Eagle News)–Inflation eased further to 3.9 percent in December 2023, the lowest for the year, according to the Philippine Statistics Authority. The PSA said this was 0.2 lower than the 4.1 percent recorded in November 2023, and 4.2 percent lower than the 8.1 percent recorded in December 2022. The downtrend in the overall inflation in December 2023, the PSA said, was mainly brought about by the lower year-on-year growth in the index of housing, water, […]
(Eagle News) — The Philippine government has said it was redoubling its efforts to mitigate the effects of inflation, which accelerated to 6.1 percent in September. In a statement, Finance Secretary Benjamin Diokno said authorities were, in particular, currently intensifying and accelerating its efforts in warehouse investigations and forfeiture procedure, the filing of charges against market players on alleged reports of anti-competitive practices, and the strict price monitoring of imported rice in the logistics chain. […]
(Eagle News) — Inflation in the Philippines accelerated to 6.1 percent in September, the Philippine Statistics Authority said. According to the PSA, this is faster than the 5.3 percent reported in August. With the figures, the national average inflation from January to September 2023 remains at 6.6 percent, slower than the 6.9 percent reported in September 2022. The PSA said the uptrend in the overall inflation in September 2023 was primarily brought about by the […]
(Eagle News) — Inflation accelerated to 8.1% in December 2022, Philippine Statistics Authority data showed. According to the PSA, this is a 0.1 increase in acceleration from the 8.0 percent recorded in November 2022. “This is the highest inflation rate reported for 2022 and the highest since November 2008,” the PSA said. The higher inflation was primarily brought about by the faster year-on-year growth rate in the index of food at 10.2 percent, from the […]
(Eagle News) — Inflation rose to 8% in November, the fastest since the 9.1% recorded in the same month last year. The Philippine Statistics Authority said this was also faster than the 7.7 percent in October 2022. With this month’s inflation, the country’s average inflation rate from January to November 2022 stands at 5.6 percent. According to the PSA, the sustained acceleration of inflation was mainly due to the “higher year-on-year growth rate in the index […]
(Eagle News) — Inflation accelerated to 6.9 percent in September, the Philippine Statistics Authority reported on Wednesday, Oct. 5. According to the PSA, this is the highest recorded inflation since October 2018. In August, inflation was at 6.3 percent. The PSA said the acceleration was primarily due to the higher annual growth rate in the index for food and non-alcoholic beverages, which was at 7.4 percent from the 6.3 percent in August. This was followed […]
(Eagle News) – -Inflation accelerated further to 2.7 percent in July, the Philippine Statistics Authority said on Wednesday, Aug.5. This brings the year-to-date inflation for 2020 at 2.5 percent. In June, inflation was at 2.5 percent and in July 2019, 2.4 percent. According to the PSA, the acceleration in the overall inflation was caused by the jump in the inflation of the transport index at 6.3 percent during the month with the easing of lockdown […]
(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 […]
