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(Eagle News) — The Philippines’ inflation rate for the bottom 30 percent of income households eased further to 4.8 percent in October, the Philippine Statistics Authority said on Friday, Nov. 5. According to the PSA, the inflation rate for that group in September was at 5.0 percent while the rate was at 2.9 percent in October 2020. The PSA said the deceleration was mainly due to the slower annual rate observed in the heavily-weighted food […]
(Eagle News)–Inflation further eased to 2.5 percent in March 2020, amid the coronavirus disease 2019 crisis. The Philippine Statistics Authority said this was slower than the 2.6% recorded in February, and the 3.3% in March last year. The PSA said the slowdown was primarily due to the drop in the transport index, at an annual rate of 1.8 percent. Slower annual increments in the indices of alcoholic beverages and tobacco at 18.0 percent; and housing, […]
