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(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)–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)–The country’s underemployment rate in July has gone down to 13.9 percent. Based on data provided by the Philippine Statistics Authority on Thursday, Sept. 5, the rate is 3.3 percent less than the rate recorded on the same month last year. According to the PSA, employment rate was at 94.6 percent, the same rate recorded in July last year. The PSA said workers in the services sector comprised the largest proportion of the employed […]
(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 […]
(Eagle News)–The country’s economy grew year-on-year by 5.5 percent in the second quarter of 2019, the Philippine Statistics Authority reported on Thursday, Aug. 8. According to the PSA, main drivers for the Philippines’ economic growth were the following: Trade and Repair of Motor Vehicles, Motorcycles Personal and Household Goods Manufacturing Other Services The PSA said of the major economic sectors, services grew the fastest with 7.1 percent. This was followed by industry, at 3.7 percent, […]
(Eagle News)–The country’s headline inflation eased further to 2.4 percent in July, the Philippine Statistics Authority said. According to the PSA, this was the lowest inflation recorded since January 2017, and the same rate recorded in July 2017. Last month, the PSA said inflation rate was at 2.7 percent. According to the PSA, the downtrend was primarily due to the slower annual rate posted in the index of food and non-alcoholic beverages at 1.9 percent. […]
(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, […]
(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 […]
(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 […]
(Eagle News)—-Poverty incidence among Filipino families in the first semester of 2018 went down, the Philippine Statistics Authority said. According to the PSA, the 16.1 percent of families whose family income is below the poverty line was lower than the 22.2 percent in the same period in 2015. The PSA said the same can be said of poverty incidence among Filipino individuals in the first semester of 2018, which was at 21.0 percent. According to […]
(Eagle News)—Inflation continued its downtrend in March, clocking in at 3.3 percent. The Philippine Statistics Authority said the 3.3 percent was slower than the 3.8 percent in January, and than the 4.3 percent in March last year. “The downtrend was primarily due to slower annual increase in the index of the heavily-weighted food and non-alcoholic beverages at 3.4 percent,” the PSA said. According to the PSA, “annual rates also decelerated” in the indices of the […]
(Eagle News)–The unemployment and underemployment rates in the country in January 2019 have gone down, the Philippine Statistics Authority said. According to results of the Labor Force Survey posted on the PSA website, the employment rate last month was at 5.2 percent, 0.1 percent less than the 5.3 percent registered in January 2018. According to the survey, Cagayan Valley and Western Visayas had the highest employment rates, at 96.9 percent and 96.1 percent respectively. The […]
