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(Eagle News) — Inflation accelerated to 4.9 percent in August, the Philippine Statistics Authority reported on Tuesday, Sept. 7. According to the PSA, this was the highest inflation reported since January 2019. In July, inflation was pegged at 4.0 percent. According to the PSA, the uptrend in the country’s inflation was brought about by the higher annual increment in the index of the heavily-weighted food and non-alcoholic beverages. From from 4.9 percent in July 2021, […]
(Eagle News) — Inflation clocked in at 4.5 percent in April, the Philippine Statistics Authority said on Wednesday, May 5. The PSA said the 4.5 percent was the same rate recorded in March, but faster than the 2.2 percent rate recorded in April 2020. According to the PSA, varied annual growth rates in the indices of the commodity groups were observed in April. Annual increases, on the other hand, were higher in the indices of […]
(Eagle News) — Inflation slowed down to 4.5 percent in March 2021, the Philippine Statistics Authority said on Tuesday, April 6. According to the PSA, the inflation rate in the country decelerated after five consecutive months of acceleration. The figure brings the average inflation of the country for the first quarter of 2021 at 4.5 percent. According to the PSA, the slowdown was due primarily to the lower annual increment registered in the heavily-weighted food […]
(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 Palace on Friday, June 5, said it was “saddened” but “not surprised” by the rise in unemployment in the country in April, expressing optimism Filipinos would weather the crisis. In a statement, Presidential Spokesperson Harry Roque said the unemployment rate–which, according to the Philippine Statistics Authority, was a record-high 17.7 percent two months ago or equivalent to 7.3 unemployed Filipinos–was an “obvious effect of the economic shutdown when the entire Luzon […]
(Eagle News) — The House of Representatives has approved on third and final reading the P1.5-trillion COVID-19 Unemployment Reduction Economic Stimulus (CURES) bill. With 210 affirmative votes, seven negative votes, and no abstention, the House gave the green light to House Bill 6920 that aims to fund infrastructure projects prioritizing five sectors: health, education, agriculture, local roads and livelihood. The five sectors are deemed the most affected by the COVID-19 crisis. Under the measure, if […]
(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) — Employment rate in January reached 94.7 percent, the Philippine Statistics Authority reported on Thursday, March 5. The PSA said this was the same as the rate recorded in January last year. According to the PSA, the Cordillera Administrative Region (97.2%), Region X-Northern Mindanao (96.8%), Region XII-SOCCSKSARGEN (96.7%), Region IX-Zamboanga Peninsula (96.5%), Region VII-Central Visayas (96.5%) and MIMAROPA Region (96.4%) registered the highest employment rates. Region I-Ilocos Region, Region IVA-CALABARZON had the lowest […]
(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) — Unemployment rate in the country went down to 4.5 percent in October, the lowest since 2005, the Philippine Statistics Authority reported on Thursday, Dec. 5. The PSA said this was also a decrease from the 5.1 percent in October last year. Among the regions, Zamboanga Peninsula (1.9%), Cordillera Administrative Region (2.8%), Ilocos Region (3.5%), Northern Mindanao (3.5%) and MIMAROPA Region (3.7%) had the lowest unemployment rates, the PSA said. Based on the […]
