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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

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

DOF blames faulty forecasts for high inflation in 2018

MANILA, Philippines – On top of food supply issues and rising oil prices, the Department of Finance (DOF) pointed to economists and analysts for their "faulty forecasting" which supposedly pushed  inflation up in 2018. Finance Undersecretary Karl Chua said the agency analyzed projections from 13 prominent institutions and found ........»»

Category: newsSource:  rapplerRelated NewsDec 17th, 2018

Manila ranked 9th in Top 11 most expensive cities in Asia in 2018 – INQUIRER.net

Manila ranked 9th in Top 11 most expensive cities in Asia in 2018  INQUIRER.net Shanghai reclaimed its title as the most expensive city in Asia according to Wealth Report Asia. Manila is ranked 9th. Source link link: Manila ranked 9th in Top 11 most expensive cities in Asia in 2018 – INQUIRER.net.....»»

Category: newsSource:  manilainformerRelated NewsDec 13th, 2018

Inflation rate in Eastern Visayas climbs to 6.9 percent in October 2018

The Inflation Rate (IR) of Eastern Visayas continued to increase at 6.9 percent in October 2018. This IR is 0.4 percentage point higher compared with the 6.5 percent IR a month ago, and 3.6 percentage points higher than the recorded 3.3 percent IR in the same period last year......»»

Category: newsSource:  samarnewsRelated NewsDec 13th, 2018

ADB sees PH inflation at 10-year high

The Asian Development Bank sees inflation in the Philippines hitting a 10-year high of 5.3 percent in 2018 even as the central bank's aggressive interest rate hikes in the past months were expected to ease consumer price increases in the near term.   In its Asian Development Outlook Supplement December 2018 report released yesterday, the Manila-based multilateral lender further jacked up its inflation forecast for the Philippines from 5 percent in its report in September.   At 5.3 percent, it will be the highest annual headline inflation rate since the 8.2 percent posted in 2008, using 2012 prices as base, Philippine Statistics Authority data showed.   It...Keep on reading: ADB sees PH inflation at 10-year high.....»»

Category: newsSource:  inquirerRelated NewsDec 12th, 2018

ADB retains Philippine growth forecasts, but sees elevated inflation in 2018

The Asian Development Bank on Wednesday retained its growth forecasts on the Philippine economy, adding that Asia’s developing economies will weather external headwinds from trade friction between the US and China......»»

Category: newsSource:  philstarRelated NewsDec 12th, 2018

Palace sees improved business, consumer confidence in coming months despite Q4 drop

  MANILA, Philippines - Malacaang assured the public on Friday that the government was addressing the issues on inflation, weakening peso and higher interest rates among others, which contributed to the decline in business confidence in the country.   The Bangko Sentral ng Pilipinas has reported on Thursday that business and consumer confidence in the country continued to weaken in the fourth quarter of 2018.   The BSP said among the factors that contributed to the less optimistic outlook were soaring inflation, weakening peso, higher interest rates, lower volume of sales and orders and lack of raw materials supply.   "The public should understand...Keep on reading: Palace sees improved business, consumer confidence in coming months despite Q4 drop.....»»

Category: newsSource:  inquirerRelated NewsDec 7th, 2018

Inflation rate in Mindanao’s 6 regions slows down in November

DAVAO CITY (MindaNews / 6 Dec) – Inflation rates in Mindanao’s six regions had declined in November 2018, a data released on Wednesday by the Philippines Statistics Authority (PSA) showed. The five-province and two-city Autonomous Region in Muslim Mindanao (ARMM) had remained the highest in Mindanao at 7.7% but it had also noted the biggest […].....»»

Category: newsSource:  mindanewsRelated NewsDec 6th, 2018

Headline inflation rates in the Philippines (November, 2018)

INFLATION eased for the first time this year in November to post the slowest rate in four months, helped by milder increases in food prices, the Philippine Statistics Authority (PSA) reported on Wednesday......»»

Category: newsSource:  bworldonlineRelated NewsDec 5th, 2018

Inflation slows for first time in 2018

INFLATION eased for the first time this year in November to post the slowest rate in four months, helped by milder increases in food prices, the Philippine Statistics Authority (PSA) reported on Wednesday......»»

Category: newsSource:  bworldonlineRelated NewsDec 5th, 2018

Headline inflation rates in the Philippines (November, 2018)

INFLATION eased for the first time this year in November to post the slowest rate in four months, helped by milder increases in food prices, the Philippine Statistics Authority (PSA) reported on Wednesday. Read the full story. //embedr.flickr.com/assets/client-code.js Source link link: Headline inflation rates in the Philippines (November, 2018).....»»

Category: newsSource:  manilainformerRelated NewsDec 5th, 2018

November inflation drops

Mirroring public expectations, National Statistician Lisa Grace Bersales announced on Wednesday a flat 6.0 percent inflation rate for the month of November. “The annual headline inflation in the Philippines exhibited a slower pace of 6.0 percent in November 2018. Its annual rate in the previous month was 6.7 percent and in November 2017, 3.0 percent,” […].....»»

Category: newsSource:  tribuneRelated NewsDec 5th, 2018

Sen. Bam: Inflation rate still high, shelve plan to implement excise tax on fuel in 2019

December 5, 2018. The government should reconsider its decision to implement the excise tax on fuel under the Tax Reform for Acceleration and Inclusion (TRAIN) Law for 2019 as inflation rate remains far from its original target, according to Sen. Bam Aquino. “Walang basehan itong pagbawi ng pangako ng gobyerno… Source link link: Sen. Bam: Inflation rate still high, shelve plan to implement excise tax on fuel in 2019.....»»

Category: newsSource:  manilainformerRelated NewsDec 5th, 2018

Inflation cools down for the first time in 2018 in November

Philippine consumers reeling from soaring prices got their much-awaited reprieve in November, which saw a softer inflation print on the back of slower price increments for food, housing and utilities, the country’s statistics agency reported......»»

Category: financeSource:  philstarRelated NewsDec 5th, 2018

November inflation drops at 6%

Mirroring public expectations, National Statistician Lisa Grace Bersales announced on Wednesday a flat 6.0 percent inflation rate for the month of November. “The annual headline inflation in the Philippines exhibited a slower pace of 6.0 percent in November 2018. Its annual rate in the previous month was 6.7 percent and in November 2017, 3.0 percent,” […].....»»

Category: newsSource:  tribuneRelated NewsDec 5th, 2018

ASEAN manufacturing purchasing managers’ index, November (2018)

FACTORY ACTIVITY in the Philippines improved for the fourth straight month in November, marking the best performance in 11 months as production grew at the fastest clip in nearly two years amid slower inflation, according to the latest monthly survey IHS Markit conducted for Nikkei, Inc. Read the full story......»»

Category: newsSource:  bworldonlineRelated NewsDec 3rd, 2018