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(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 […]
(Eagle News) – The country’s inflation in the first month of the year continued to slow down at 4.4 percent, much lower than last December’s 5.1 percent, according to the latest data from the Philippine Statistics Authority (PSA). Although this was relatively lower compared to the last half of the year, the inflation in January this year was still higher than January 2018’s 3.4 percent. The PSA said that this was “primarily due […]
(Eagle News) — The Philippine economy posted a 6.2 percent growth in 2018, the Philippine Statistics Authority announced on Thursday, Jan. 24. This was after the economy posted a 6.1 percent growth in the fourth quarter of 2018. According to the PSA, this was higher than the 6.0 percent recorded in the third quarter of 2018. It said it was, however, lower than the 6.5 percent recorded in the same quarter in 2017. https://youtu.be/r2eDNstOiM8
(Eagle News) – Inflation, or the increase in prices of goods and services, for November, slowed down to 6 percent, according to the latest data from the Philippine Statistics Authority. This was much lower than October’s 6.7 percent, and was within the lower end of the projection of the Bangko Sentral for inflation between 5.8 percent and 6.6 percent. It is also lower than the 6.3 forecast of the Department of Finance. According to the […]
(Eagle News) – Bangko Sentral ng Pilipinas said that the inflation recorded last October, pegged at 6.7 percent, the same as the previous month, meant that “inflation pressures have started to moderate.” The BSP said that the “month-on-month seasonally-adjusted headline inflation” had actually “eased further to 0.3 percent in October from 0.8 percent in September. It said this confirmed the “BSP’s view that inflation momentum has started to slow down.” “Inflation held steady in […]
By Meanne Corvera Eagle News Service Inflation surged to 6.7 percent in September, the Philippine Statistics Authority said on Friday, Oct. 5. In August, the inflation rate was pegged at 6.4 percent. National Statistician Lisa Grace Bersales noted, however, that month-on-month inflation was at 0.8 percent, slower than the 0.9 percent in August. Month-on-month inflation refers to the increase in consumer prices.
(Eagle News)—-President Rodrigo Duterte on Friday, Sept. 7, blamed the high inflation rate on the tariffs imposed by US President Donald Trump on select products. In a speech before the Filipino community, Duterte clarified, however, that he was “not apologizing.” He said the government was “trying to control it.” Also on Friday, the Department of Finance released a list of measures it said would be implemented to arrest inflation, which the Philippine Statistics Authority pegged at […]
(Eagle News) — Speaker Gloria Macapagal-Arroyo on Wednesday, Sept. 5, said the government was “doing what it can” to address inflation in the country. Arroyo, who is also an economist, made the statement following the Philippine Statistics Authority’s report inflation had accelerated to 6.4 percent in August. “I’m sure the government is taking steps to address the situation. When I called them up today, they were meeting so I’m sure that they’re looking at it,” […]
(Eagle News) — The Philippine Statistics Authority on Wednesday, Sept. 5, reported a 5.4 percent unemployment rate in July. This was a 0.2 percent decrease from the unemployment rate in July 2017, based on records from the PSA. According to the PSA, the regions with the lowest employment rates were Ilocos Region (93.5%), Central Luzon (93.7%), CALABARZON (93.7%), Bicol Region (93.7%), and the National Capital Region (NCR) (93.9%). The PSA pegged labor force participation rate in July […]
(Eagle News) — Inflation reached 6.4 percent in August, the Philippine Statistics Office reported on Wednesday, Sept. 5. According to the PSA, this was the fastest recorded since the 6.6 percent inflation rate in March 2009. Earlier, the Department of Finance predicted an inflation rate of 5.88 percent.
(Eagle News) — The National ID system is set to take effect on August 25, but its implementing rules and regulation might still be completed in September, according to the Philippine Statistics Authority. The law takes effect 15 days after it had been published in a newspaper of general circulation. The Philippine Identification System (PhilSys) Act was signed into law by President Rodrigo Duterte on August 6, and was published in newspapers on August […]
(Eagle News) – Inflation rate in July rose to an even higher rate of 5.7 percent compared to June’s 5.2 percent, indicating that prices of goods and services continued to rise, according to the Philippine Statistics Authority. “The country’s headline inflation rate continued to move at a faster pace of 5.7 percent in July 2018,” the PSA’s latest report released today, Tuesday, August 7, said. This is the highest recorded in five years, based on […]
