Inflation hits 5.7% in July

Inquirer.net 08/07/2018

Inflation accelerated to a fresh over five-year high of 5.7 percent in July, the government reported Tuesday. As such, headline inflation or the rate of increase in prices of basic goods and services averaged 4.5 percent during…

Senate committee: Soaring inflation hurts poor families the most

Inquirer.net 08/07/2018

THE Senate Committee on Economic Affairs will give priority to identifying measures to mitigate the impact of the soaring inflation. Committee chairman Senator Win Gatchalian said this after the Philippine Statistics Authority (PSA) revealed that consumer prices…

Rise in July inflation seen; gov’t urged to bring down rice prices

Jose Santino S. Bunachita 08/06/2018

The government should focus on bringing down the prices of rice in order to help the poor especially with the continued increase in the country’s inflation rate. Antonio Chiu, Cebu Chamber of Commerce and Industry (CCCI) president,…

Gov’t eyes lower tariffs on meat, fish imports to address inflation

Inquirer.net 08/05/2018

SPEAKER Gloria Macapagal-Arroyo and the Duterte administration’s economic managers tackled the possible lowering of tariffs on meat and fish imports in a meeting to discuss measures to mitigate the impact of soaring inflation. “To cushion the impact…

BSP: July inflation rate may hit 5.8%

Inquirer.net 08/01/2018

PRICE increases for basic goods and services were expected to have risen at a faster pace for the month of July due to higher electricity and water rates as well as petroleum prices, economists of the Bangko…

Banks flock to short-term BSP deposits amid stubbornly high inflation

Inquirer.net 07/18/2018

CASH-RICH financial institutions bid aggressively on Wednesday for the right to lodge their funds in short-term securities of the Bangko Sentral ng Pilipinas (BSP), marking the third week that the regulator’s term deposit facility auction was oversubscribed.…

How Cebu businesses can cope with rising inflation

Jose Santino S. Bunachita 07/10/2018

Business leaders remain optimistic that local economic contributors in Cebu will cushion the impact of the country’s rising inflation and the weakening peso. But they are also encouraging businesses to implement measures to further protect themselves from…

Consumers to start feeling pinch of inflation

Jose Santino S. Bunachita 07/10/2018

WHILE businesses are expected to sustain their growth despite the rising inflation rate, a local economist is pointing out that the most affected with this are the consumers especially the poor consumers. With higher prices of consumer…

Inflation hit new over 5-year high of 5.2% in June

Inquirer.net 07/05/2018

INFLATION jumped by 5.2 percent year-on-year in June, a new over five-year high, due to sustained elevated prices of food and “sin” products, the government reported Thursday. In a report, the Philippine Statistics Authority (PSA) said the…

Inflation worsens the poor’s well-being

Fernando Fajardo 07/05/2018

If your income now is still the same as last year, the 5.2 percent inflation rate in June announced yesterday by the government means that you are now 5.2 percent poorer if you belong to the fifth…

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