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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

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

Inflation may taper down in coming months — Palace

MALACANANG remains confident that inflation may see its end in the coming months despite averaging 6.2 percent in the third quarter of this year, according to Presidential spokesman Salvador Panelo. This comes after the Bangko Sentral ng Pilipinas (BSP) reported that inflation’s 6.2 percent average in the third quarter of 2018 is higher compared to […].....»»

Category: newsSource:  tribuneRelated NewsOct 19th, 2018

Inflation jumps 6.2 percent in Q3 — BSP

Less than three months left in 2018 and Filipino consumers and businesses are bracing for higher prices, according to a new report by the Bangko Sentral ng Pilipinas that also showed inflation sustaining its ascent in the third quarter......»»

Category: newsSource:  philstarRelated NewsOct 19th, 2018

Inflation highest in Q3 of 2018

Inflation highest in Q3 of 2018.....»»

Category: entertainmentSource:  pepRelated NewsOct 19th, 2018

DBCC cuts 2018 PH growth forecast

Inflation, peso-dollar estimates also revised Economic managers have cut their growth forecast for the year, citing factors such as above-target inflation, rising crude prices and monetary policy tightening. Following a...READ MORE The post DBCC cuts 2018 PH growth forecast appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsOct 16th, 2018

Economic managers slash 2018 growth target

The Development Budget Coordination Committee (DBCC) yesterday slashed the Philippines’ economic growth target due to “new realities” in both the local and international landscape, including high domestic inflation, rising global oil prices, and tightening monetary policy in advanced economies......»»

Category: financeSource:  philstarRelated NewsOct 16th, 2018

Philippines cuts 2018 GDP growth goal, raises inflation targets

MANILA — The Philippine government has shaved its economic growth target for this year and raised inflation forecasts for 2018 and 2019, reflecting caution as soaring consumer prices curb expansion in one of Asia’s fastest growing economies. The economy grew 6.0 percent in the second quarter, the slowest in almost three years, raising the challenge […] The post Philippines cuts 2018 GDP growth goal, raises inflation targets appeared first on Interaksyon......»»

Category: newsSource:  interaksyonRelated NewsOct 16th, 2018

Global think tank hikes inflation forecast for Philippines

Barcelona-based think tank FocusEconomics has raised its inflation forecasts for the Philippines for the next two years on the back of rising global oil prices as well as more expensive rice and agricultural commodities......»»

Category: financeSource:  philstarRelated NewsOct 13th, 2018

More foreign funds flee Philippines in September 2018

The full-blown trade war between the US and China, the weak peso, rising inflation and the damage from Typhoon Ompong prompted foreigners to pull their investments out of the Philippines last month, according to the Bangko Sentral ng Pilipinas......»»

Category: financeSource:  philstarRelated NewsOct 12th, 2018

Foreign direct investments soar in July 2018 despite economic tensions

MANILA, Philippines – Foreign direct investments (FDI) increased in July despite high inflation , a slowdown of economic growth , and short term capital flight. The Bangko Sentral ng Pilipinas reported on Wednesday, October 10, that FDI inflows in July reached $914 million, 62.36% higher than the $344 million in the ........»»

Category: newsSource:  rapplerRelated NewsOct 11th, 2018

Month-On-Month Inflation Slowing Down: DTI Chief

Department of Trade and Industry (DTI) Secretary Ramon Lopez on Monday said the pace of increase in prices of goods and services month-on-month has already slowed down. Although year-on-year inflation for September rose to 6.7 percent this 2018 from 3 percent in 2017, inflation last month grew by 0.3 percentage points from 6.4 percent in […].....»»

Category: newsSource:  metrocebuRelated NewsOct 9th, 2018

Biz forum in Iloilo to discuss inflation rate, TRAIN law

THE Iloilo Business Club Inc. in partnership with the Palm Concepcion Power Corp. (PCPC) is holding a forum on economic issues to help businessmen plan for the coming year. Dubbed as Business Outlook 2018: Surviving the Challenge of Change and Economic Uncertainty, it is organized to discuss issues on the economy like the rising inflation […] The post Biz forum in Iloilo to discuss inflation rate, TRAIN law appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsOct 8th, 2018

Headline inflation rates in the Philippines (September 2018)

INFLATION can now go either way towards yearend after September logged a fresh nine-year high, economists said in separate assessments last weekend. Read the full story. //embedr.flickr.com/assets/client-code.js The post Headline inflation rates in the Philippines (September 2018) appeared first on BusinessWorld. Source link link: Headline inflation rates in the Philippines (September 2018).....»»

Category: newsSource:  manilainformerRelated NewsOct 8th, 2018

Headline inflation rates in the Philippines (September 2018)

INFLATION can now go either way towards yearend after September logged a fresh nine-year high, economists said in separate assessments last weekend. The post Headline inflation rates in the Philippines (September 2018) appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsOct 7th, 2018

Nomura hikes 2018 inflation to 5.4%

Nomura Securities Ltd. has raised its inflation forecasts over the next two years amid the persistence of higher oil prices, weather-related disruptions, and strong demand conditions......»»

Category: financeSource:  philstarRelated NewsOct 7th, 2018

Inflation king of Asia, world’s second worst stock market

The Philippines’ inflation rate has been rising nonstop ever since the TRAIN law was implemented: 2.9% in December 2017, 3.4% in January 2018 (first month of TRAIN law), 3.8% in February, 5.7% in July, 6.4% in August, and 6.7% in September. The post Inflation king of Asia, world’s second worst stock market appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsOct 7th, 2018

Aquino: Joint Statement of opposition senators on the 6.7% September Inflation…

October 5, 2018. Prices of goods have continued to go up in the past month with a 6.7% inflation rate last September. Still, the administration insists this is not a problem. Economic managers have no intention of suspending the second round of fuel excise taxes despite gas prices reaching P60 per liter. The… Source link link: Aquino: Joint Statement of opposition senators on the 6.7% September Inflation….....»»

Category: newsSource:  manilainformerRelated NewsOct 7th, 2018