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DOMESTIC inflationary pressures — which made local consumer prices accelerate to their fastest levels in almost a decade in recent months — seem to be abating and may, in turn, make the central bank pause from its…
Monetary authorities conceded to missing their 2-4 percent target band for inflation this year and next. They see prices averaging 5.2 percent in 2018 and 4.3 percent in 2019. To combat surging prices, the government plans to…
The availability of more supply in the coming days is expected to reduce the prices of commercial rice by as much as P3 before the end of the month, said National Food Authority Central Visayas (NFA-7) director…
FOR AUGUST High food prices pushed up inflation among the country’s poorest families to 8 percent year-on-year in August, the government reported Monday. The rate of increase in prices of basic goods among those belonging to the…
Oil companies are set to implement a rollback in the prices of gasoline at 6 a.m. on Monday (October 22). Gasoline prices will be reduced by P1.60 to P1.90 per liter, and P0.90 to P1 per liter…
An excise tax not only raises the price of the product directly and make the poor to suffer more; it also lowers output and create more joblessness among the poor. The government is lowering its real GDP…
INFLATION is seen peaking in October or November but will unlikely hit 7 percent, a member of the Bangko Sentral ng Pilipinas’ policymaking Monetary Board said Tuesday. The Cabinet-level Development Budget Coordination Committee, meanwhile, raised its 2018…
Inflation is seen peaking in October or November but would unlikely hit 7 percent, a member of the central bank’s policy-making Monetary Board said Tuesday. The Cabinet-level Development Budget Coordination Committee raised its 2018 inflation forecast range…
OIL firms on Saturday (Oct. 13) cut pump prices of diesel by as much as 65 centavos per liter and of gasoline by 85 centavos per liter, ending a nine-week rally that raised prices by a total…
Prices of bread and flour will likely remain stable even with the coming Christmas season and supply problems that may lead to an increase in market prices. This after the Department of Trade and Industry met separately…
Cebu business leaders are pinning their hopes on government agencies to really temper down the increase in prices of commodities, as economists believe that inflation is already peaking. However, they acknowledge that other factors may come into…
Measures taken by the government to rein in surging consumer prices have started to make themselves felt as the inflation rate for September, though higher than the previous month’s, came in lower than most analysts’ expectations, the…
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