Central Visayas inflation eases to 4.5% in July

Jasmin Meode - CTU Intern 08/11/2024

CEBU CITY, Philippines — Inflation in Central Visayas dropped to 4.5 percent in July 2024, down from 4.8 percent in June, according to the Philippine Statistics Authority in Central Visayas (PSA-7). PSA-7 regional director Ariel Florendo reported…

Cebu City urged to suspend local road delivery fees

Pia Piquero 08/09/2024

  CEBU CITY, Philippines— A local legislator is urging Acting Mayor Raymond Alvin Garcia to issue an executive order to suspend the collection of delivery fees for local road usage here. City Councilor Rey Gealon proposed the…

BSP: July inflation likely surpasses 4% target

Ian Nicolas P. Cigaral 08/01/2024

Inflation likely exceeded the government’s 2-4 percent target range in July due to higher energy and food prices. However, this increase is not expected to affect the anticipated rate cut in August. On Wednesday, the Bangko Sentral…

Mandaue City’s inflation remains the highest in Cebu at 7.4% in June

Shannah Rose Pardo 07/16/2024

CEBU CITY, Philippines — Mandaue City’s inflation rate further quickened to 7.4 percent in June 2024, still the highest in Cebu, according to the Philippine Statistics Authority in Central Visayas (PSA-7). In an inflation report released on…

Central Visayas shows 0.8 % rise of inflation rate in June 2024

Niña Mae C. Oliverio, Shannah Rose Pardo 07/12/2024

CEBU CITY, Philippines — From 4.0 percent, the inflation report for Central Visayas shows another 0.8 rise in June 2024. In a data dissemination forum on Friday, July 12 in Cebu City, Philippine Statistic Authority Central Visayas…

Capitol to resume sale of cheap rice at P29 per kilo

Pia Piquero 05/18/2024

CEBU CITY, Philippines – The Cebu Provincial Government is set to resume selling cheap rice to the “poorest of the poor” residents of the province. However, it will now be priced at P29 per kilo instead of…

Marcos: We’ve found a solution to bring down rice prices

Jean Mangaluz 05/17/2024

MANILA, Philippines — President Ferdinand “Bongbong” R. Marcos Jr. revealed an alternative plan on Thursday to lower rice prices amid calls to amend the Rice Tariffication Law. (RTL). “Well, I don’t want to preempt the bicameral committee but…

Central Visayas: Inflation rate for April 2024 steady

Niña Mae C. Oliverio 05/15/2024

CEBU CITY, Philippines — The Philippine Statistics Authority in Central Visayas (PSA-7) reported a consistent inflation rate in the region for the month of April 2024. During the inflation report on Wednesday, May 15, PSA-7 Director Ariel…

Farmers’ group: Rice tariff law results to P44B in economic losses

Russel Loreto 05/06/2024

MANILA, Philippines — A farmers’ group wants to get rid of the rice tariffication law or Republic Act No. 11203. They don’t think the changes proposed by the House of Representatives will fix the problem of expensive rice.…

Inflation rate in Cebu: Your P1 is now worth 83 centavos

Niña Mae C. Oliverio 04/18/2024

CEBU CITY, Philippines — As the inflation rate in Cebu continues to soar, Cebuanos also continue to struggle with the increasing prices of goods and commodities. During the data dissemination for inflation on Wednesday, April 17, a…

Cebu Province inflation rate soared in March 2024

Niña Mae C. Oliverio 04/17/2024

CEBU CITY, Philippines — Cebu Province inflation rate rose in March as Cebuanos continue to grapple with rising prices of goods and commodities, the latest inflation report by the Philippine Statistics Authority (PSA) Cebu showed. On Wednesday,…

March inflation higher at 3.7% but still within gov’t target range

Ian P. Cigaral 04/06/2024

MANILA, Philippines — March inflation picked up to 3.7 percent year-on-year in March, from 3.4 percent in February, due to higher prices of key food items like vegetables, meat and rice, the Philippine Statistics Authority (PSA) reported…

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