Price hikes likely to remain muted as Aug. inflation comes in below BSP’s forecast

Daxim L. Lucas - Reporter / @daxinq 09/04/2020

MANILA, Philippines — Price pressures on basic goods and services will likely remain muted over the near term, according to the central bank, as it welcomed the lower-than-expected August inflation rate which came in below the monetary…

PH braces for inflation spike

Ben O. de Vera 03/06/2020

Even as inflation eased to 2.6 percent in February, the Philippines is bracing for faster-than-expected increases in consumer prices as China’s manufacturing sector reels from the impact of the COVID-19 outbreak. Deputy National Statistician Lourdines dela Cruz…

2019 inflation settles at 3-year low of 2.5%

Ben O. de Vera 01/08/2020

Inflation rose by 2.5 percent year-on-year in December last year amid seasonal price increases during the Christmas holidays and the typhoons that jacked up food prices, the government reported Tuesday. For the entire 2019, headline inflation averaged…

Oil, pork prices being watched as possible inflation drivers

Daxim L. Lucas 10/25/2019

Prices of basic goods and services could start an uphill climb again next year, though slower than their pace in 2018, if projections of a rise in oil and pork prices, which the central bank called “challenges,”…

Inflation eased to 2-year low of 2.4% in July

08/06/2019

MANILA, Philippines — Inflation further eased to 2.4 percent year-on-year in July mainly due to stable food prices, including declining retail prices of rice, the government reported Tuesday. The rate of increase in prices of basic commodities…

Inflation further slows to 3.8% in February

Inquirer.net 03/05/2019

MANILA, Philippines — Inflation further slowed to 3.8 percent year-on-year in February, the slowest rate of increase in prices of basic goods in a year. Headline inflation returned within the government’s full-year target range of 2-4 percent…

Cebu firms to feel adverse impact of additional excise tax on fuel

Irene R. Sino Cruz 01/15/2019

CEBU CITY, Philippines — Businesses face rising operating costs and lower net income due to the imposition of the additional P2 excise tax on oil products. Bob Gothong, chief executive officer of Gothong Southern group, admitted that…

Train, rising inflation shake businesses, economy in 2018

Jose Santino S. Bunachita 12/27/2018

YEAREND REPORT First of two parts The year 2018 has brought a lot of “economic shocks” not just for the local business community in Cebu but for the entire country. Right at the start of the year,…

Inflation rate down, is it okay now?

Fernando Fajardo 12/06/2018

When interest rate goes up, expect investments, including the interest rate sensitive consumption expenditures, to fall. The government placed the country’s inflation rate last month at 6.0 percent. It is actually lower in Metro Manila at 5.8…

Pump prices seen to decline as oil supply rises

Inquirer.net 11/19/2018

Pump prices are expected to fall further even as crude oil producers are considering a return to production cuts in a bid to avert a possible price crash similar to what happened in 2014. Oil producing countries,…

Inflation: An election issue

11/09/2018

Soon the Advent season will arrive and after this, the season of Christmas. Small to big time traders are trying to cash in and have started to raise prices of goods and services. It is incumbent upon…

Oct. inflation up 6.7%; prices of goods easing

Inquirer.net 11/06/2018

Inflation in October rose 6.7 percent year-on-year, the same rate of increase in prices of basic commodities as last September, an over nine-year high. But National Statistician Lisa Grace S. Bersales noted that the month-on-month increase in…

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