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Inflation 2018: A look at the very, very, very expensive red chili

Consumers got alarmed for the alleged price hike of red chili peppers or siling labuyo from around P150 per kilo in February to about P1,000 per kilo in previous weeks, sparking price comparisons between public markets and groceries in Metro Manila. Such reports circulated on social media over the weekend, and later anxiety on possible […].....»»

Category: newsSource: interaksyon interaksyonSep 11th, 2018

Low inflation seen in next 2 years | Inquirer Business

After enduring expensive consumer products and services in 2018, Filipinos can expect to experience the relief of stable prices over the next two years, thanks to government policies implemented in re.....»»

Category: newsSource:  philippinetimesRelated NewsJan 7th, 2019

Auto slump worst since ’98

The local vehicle industry is heading to its worst sales decline since the financial crisis of 1998 as manufacturers expect deliveries to fall by as much as 15 percent this year.   The industry was not expecting such dismal showing for 2018, according to Rommel Gutierrez, president of the Chamber of Automotive Manufacturers of the Philippines Inc.   He said the industry earlier expected sales to decline in the first semester due to the Tax Reform for Acceleration and Inclusion (TRAIN) Act, the tax package which made most cars more expensive by hiking excise taxes.   However, it did not anticipate the surge in inflation in recent months that hurt the consu...Keep on reading: Auto slump worst since ’98.....»»

Category: newsSource:  inquirerRelated NewsOct 25th, 2018

Inflation up, GDP down: Economic managers revise PH outlook

MANILA, Philippines – The country's economic managers revised the government's medium-term macroeconomic assumptions for 2018 to 2022 to reflect "developments at the national and global level." The Development Budget Coordination Committee (DBCC)  announced on Tuesday, October 16, that they took into account the more expensive oil in the ........»»

Category: newsSource:  rapplerRelated NewsOct 16th, 2018

Bela Padilla, Maris Racal bemoan high price of petroleum products

Further proving celebrities, just like ordinary citizens, are affected by the economic issues the country is facing, Bela Padilla and Maris Racal recently expressed their discontent over the current price of petroleum products. The third quarter of 2018 saw the prices of food, particularly, rice, fish, meat and vegetables, soar, pushing the inflation rate at its highest in over nine years at 6.4 percent. Even celebrities seemed to have felt the effect of rising prices when they made use of their respective social media platforms to call out the inflation and the unusually high price of chili, which was regarded as the "new status symbol." "Nagpa-gas ako, sumakit ang ulo ko (I r...Keep on reading: Bela Padilla, Maris Racal bemoan high price of petroleum products.....»»

Category: newsSource:  inquirerRelated NewsOct 1st, 2018

Inflation likely to hit 5.9% in Aug 2018 — BSP

The Bangko Sentral ng Pilipinas expects inflation to remain elevated at a fresh nine-year high of 5.9 percent in August on the back of higher oil, rice, and food prices due to weather disturbances as well as more expensive power rates......»»

Category: financeSource:  philstarRelated NewsSep 1st, 2018

BSP: April inflation seen hitting 3.9-4.7%

Inflation could have accelerated to as high as 4.7 percent last month, the Bangko Sentral ng Pilipinas (BSP) said, with tensions in the Middle East having made fuel more expensive and supply constraints also propelling power and rice price hikes. “The BSP Department of Economic Research projects the 2012-based April 2018 inflation to settle within [...] The post BSP: April inflation seen hitting 3.9-4.7% appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsApr 30th, 2018

Jollibee nets 17% more in 2018, doubles 2019 capex

Filipino-owned fastfood giant Jollibee Foods Corp. (JFC) finished 2018 with higher profitability despite a challenging environment brought about by rising inflation rate and slower economic growth......»»

Category: financeSource:  philstarRelated NewsFeb 14th, 2019

Eastern Visayas closes 2018 with 4.4 percent inflation rate

Eastern Visayas closed 2018 with a 4.4 percent Inflation Rate (IR). This IR is 0.8 percentage point lower compared with the 5.2 percent IR a month ago, but 1.1 percentage points higher than the recorded 3.3 percent IR in the same period last year......»»

Category: newsSource:  samarnewsRelated NewsFeb 12th, 2019

FDI inflows drop 3.2% in 11 months

The amount of foreign direct investments (FDIs) flowing into the Philippines declined by 3.2 percent in the first 11 months of 2018 as investors remained wary of the trade war between the US and China, as well as rising inflation in the domestic front......»»

Category: financeSource:  philstarRelated NewsFeb 12th, 2019

Finance dep’t touts peso’s relative stability

THE PESO’s weakness may have been blamed for partly contributing to surging inflation last year, since this makes imported goods more expensive, but the local currency has lately fared better than a number of its Asian counterparts in terms of volatility, a senior official of the Finance department noted on Wednesday......»»

Category: financeSource:  bworldonlineRelated NewsFeb 7th, 2019

Peso among the most stable Asian currencies in January

THE PESO’s weakness may have been blamed for partly contributing to surging inflation last year, since this makes imported goods more expensive, but the local currency has lately fared better than a number of its Asian counterparts in terms of volatility, a senior official of the Finance department noted on Wednesday......»»

Category: financeSource:  bworldonlineRelated NewsFeb 7th, 2019

Media made inflation worse? Economic team never flagged it until now

MANILA, Philippines – The government's economic team was glad that  inflation eased further to 4.4% in January and inched closer to the manageable range. It seems, however, that officials were not pleased with how media and analysts supposedly handled and reported high inflation in 2018. In a report from ........»»

Category: newsSource:  rapplerRelated NewsFeb 6th, 2019

Analysts, media made 2018 inflation worse, says BSP - Inquirer Business

Did market analysts and business reporters make last years inflation spike worse by scaring the public into believing that consumer prices would continue rising for a prolonged period? The post Analys.....»»

Category: newsSource:  philippinetimesRelated NewsFeb 6th, 2019

Inflation down to 4.4% in January

DAVAO CITY (MindaNews/05 February) – The country’s inflation rate slowed down to 4.4% last month from 5.1% in December 2018, a report released by the Philippine Statistics Authority (PSA) on Tuesday showed. Inflation was lowest in the Cordillera Administrative Region at 3.1% while it remained highest in the Autonomous Region in Muslim Mindanao at 6.1%, […].....»»

Category: newsSource:  mindanewsRelated NewsFeb 5th, 2019

PH inflation slows down anew in Jan

INFLATION slowed down to 4.4 percent in January from 5.1 percent in December, the Philippine Statistics Authority (PSA) reported on Tuesday. Last month’s result was the lowest since April 2018…READ The post PH inflation slows down anew in Jan appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsFeb 5th, 2019

BIR sets higher collection goal in 2019 after missing 2018 target

MANILA, Philippines – Inflation and unforeseen governance hiccups spoiled the collection goal of the Bureau of Internal Revenue (BIR) in 2018. This year, the agency is hungry for a comeback. The BIR announced on Friday, February 1, its collection goal for 2019 is P2.33 trillion, 14% higher than last year’s P2.044 trillion target ........»»

Category: newsSource:  rapplerRelated NewsFeb 1st, 2019

Central bank official sees sustained FDI inflows

FOREIGN direct investments (FDI) could roughly sustain estimated 2018 inflows this year as conditions turn more enticing for investors, a senior central bank official said, citing slower inflation and robust domestic activity......»»

Category: newsSource:  bworldonlineRelated NewsJan 28th, 2019

AVID sales drop 17% in 2018

The Association of Vehicle Importers and Distributors (AVID) reported its sales for 2018 dropped by 17 percent to 88,700 units from 106,285 units the previous year due to high inflation,…READ The post AVID sales drop 17% in 2018 appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJan 26th, 2019

Vehicle sales down 17% in 2018

THE Association of Vehicle Importers and Distributors (AVID) saw its 2018 sales plunge 17 percent to 88,700 units from year-earlier with 106,285 units sold on the back of high inflation,…READ The post Vehicle sales down 17% in 2018 appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJan 25th, 2019

GDP growth slows to 6.2%; Palace blames high inflation

Malacaang on Thursday blamed the economy's slower expansion in 2018 on last year's high inflation after the country's gross domestic product (GDP) posted a below-expectation 6.2-percent growth.   The Palace is not dismayed with the results, however, and said it would only push the Duterte administration to work harder to achieve its target.   "That was because of the inflation; the inflation rate was the problem. That's what our economic managers said," presidential spokesperson Salvador Panelo said at a press briefing.   "You always have a concern when you don't reach a certain target. But you work harder so that you can reach it the next time," he added...Keep on reading: GDP growth slows to 6.2%; Palace blames high inflation.....»»

Category: newsSource:  inquirerRelated NewsJan 24th, 2019