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(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) — The Philippine Statistics Authority has revised the country’s second-quarter economic growth. In a statement, the PSA said second quarter gross domestic product (GDP) grew by 7.5% instead of the 7.4% it earlier announced. The PSA said the revision was made following higher recorded growth in construction. The PSA said construction grew by 19.5%, and not 19.0% as earlier announced. Real estate and ownership of dwellings also rose to 4.4% from 3.9%, while manufacturing […]
But NCR inflation up to 5.7 percent in August, from 5.1 percent in July 2022 (Eagle News) – After five straight months of acceleration, headline inflation in the Philippines eased to 6.3 percent in August 2022, according to the Philippine Statistics Authority (PSA). The PSA explained the slowdown in inflation at the national level in August 2022 was primarily due to lower annual increment in the index for transport, food and non-alcoholic beverages, and information […]
Poverty incidence in 2021 higher compared to 2018, but lower to figures in 2015 (Eagle News) – At least 19.99 million Filipinos lived below the poverty line in 2021, the Philippine Statistics Authority said. The PSA said that the poverty incidence among the Filipino population has risen to 18.1 percent last year compared to the 2021 figure of 16.7 percent. It was however lower compared to the 23.5 percent poverty incidence in 2015. “This translates […]
But PSA notes inflation in NCR slowed down to 5.1 percent (Eagle News) — The country’s inflation rose to 6.4 percent in July, the highest recorded since October 2018, with the growth in the food index as the main driver of inflation, Philippine Statistics Authority (PSA) said on Friday, August 5. But at the same time, the PSA noted that the inflation in Metro Manila slowed down in July to 5.1 percent. This was […]
Pres. Marcos Jr., says inflation is currently a problem everywhere, disagrees with the 6.1 percent inflation rate cited by PSA (Eagle News) – The Philippines’ annual headline inflation reached 6.1 percent last June, considered the “highest recorded inflation since October 2018” mainly due to the rise of inflation in food and transport sector, according to data from the Philippine Statistics Authority (PSA). But President Ferdinand Marcos Jr., believes that the inflation may not be […]
(Eagle News) – Philippine employment rate grew in March 2022 at 94.2, the highest since April 2020 or a month after the World Health Organization declared Covid-19 a global pandemic. “In terms of magnitude, an increase of 1.50 million employed persons was accounted from February 2022 (45.48 million) to March 2022 (46.98 million),” the Philippine Statistics Authority (PSA) said. A total 1.64 million employed individuals were also added to the employed population of 45.33 […]
(Eagle News) — The Philippines’ unemployment rate was at 6.4 percent in February, the same rate registered the month before, the Philippine Statistics Authority reported. According to the PSA, this translates to 3.13 million unemployed individuals 15 years old and above. Meanwhile, the number of employed persons increased by 2.33 million, from 43.15 million in February 2021 to 45.48 million in the same month this year. Employment rate in February this year was at 93.6 […]
(Eagle News) — Inflation accelerated to 4.0 percent in March 2022, the Philippine Statistics Authority said on Tuesday, April 5. According to the PSA, this was an increase from the 3.0 percent inflation rate reported in February 2022, but a 0.1 decrease from the rate reported in March 2021. With the acceleration, the national average inflation from January to March 2022 is now at 3.4 percent. The PSA said the increase in the inflation for […]
PHL unemployment rate at 6.6 percent in December from 6.5 percent in November 2021 (Eagle News) – The number of unemployed persons in December hit 3.27 million, higher by 113,000 compared to the previous month’s numbers, the Philippine Statistics Authority (PSA) said on Thursday, February 10. In fact, “the unemployment rate in the country slightly picked up in December 2021 at 6.6 percent from the 6.5 percent reported in November 2021,” according to the PSA. […]
PHL posts 5.6 percent overall growth based on GDP for whole year of 2021 (Eagle News) – The Philippine economy grew further last year despite the Covid-19 pandemic and the highly debilitating Delta variant, as gross domestic product posted a growth of 7.7 percent in the fourth quarter. Because of this, the country’s GDP posted an over-all growth of 5.6 percent for the whole year of 2021, according to the latest data from the […]
(Eagle News) — Inflation or the rate of increase in the prices of commodity goods and services over a period of time, clocked in at 4.2 percent in November, indicating slower growth in such prices. According to the Philippine Statistics Authority, the 4.2 percent was slower than the 4.6 percent inflation rate recorded in October. With the 4.2 percent inflation rate, the PSA said the average inflation from January to November 2021 remained at 4.5 […]
