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Inflation uptick not a cause for concern, says ADB

Multilateral lender Asian Development Bank said the faster increase in consumer prices should not be a cause for concern in the Philippines as monetary authorities are doing everything to curb rising inflationary pressures......»»

Category: financeSource: philstar philstarMay 24th, 2018

BSP expects inflation back at 2 to 4% target

The Bangko Sentral ng Pilipinas (BSP) said inflation may revert back to the two to four percent target this year despite the uptick in the pump prices of petroleum products brought about by rising global prices and higher excise tax......»»

Category: financeSource:  philstarRelated NewsJan 18th, 2019

Inflation seen below 6% in December

Inflation likely further eased in December and fell below November's 6 percent year-on-year rise, on track to easing further and stay within the government target range next year, economists said last week. Ateneo de Manila University economics professor Alvin P. Ang projected a 5.8-percent increase in basic commodities this month as "food prices have remained stable though some uptick was observed due to seasonal activities," referring to the Christmas holidays. "Other basket movers are household furnishings, restaurant and communication all due to the season," Ang added. The last time inflation was below 6 percent was in July, when the rate was 5.7 percent. Moody's Analytic...Keep on reading: Inflation seen below 6% in December.....»»

Category: newsSource:  inquirerRelated NewsDec 31st, 2018

Stocks retreat as inflation still a concern

Inflation may have stayed flat at 6.7 percent in October, but it did not ease as investors expected especially after the Department of Finance said inflation may drop to 6.5 percent......»»

Category: financeSource:  philstarRelated NewsNov 6th, 2018

Ilocos Norte inflation woes prompt VAT suspension plea

Ilocos Norte Gov. Imee Marcos has expressed concern over inflation's effects on her province, which the Philippine Statistics Authority said had the highest inflation rate in the Ilocos region. Marcos, a candidate for senator, said she was supporting a one-year suspension of value added tax (VAT) collection, which she said was a more practical way to ease inflation's effects on people, especially in her province. Residents of Ilocos Norte, she said, have been "really struggling to make ends meet" as a result of inflation. "We need immediate and meaningful relief from the national government," Marcos said. Freezing VAT on basic goods, oil and energy for a year would be more pr...Keep on reading: Ilocos Norte inflation woes prompt VAT suspension plea.....»»

Category: newsSource:  inquirerRelated NewsOct 23rd, 2018

Praise-whoring is not economic management

WITH the curtain being raised on the campaign for the 2019 midterm elections, showing concern for the impact of inflation on ordinary Filipinos has suddenly become all the rage among politicians, with the excise tax on fuel being the focus of much of their attention. Consumer activists and opposition politicians have been calling for the [...] The post Praise-whoring is not economic management appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsOct 15th, 2018

High inflation, investment slowdown to drag growth

The Philippines is facing a perfect storm of economic woes, both from overseas and within, that will cap growth next year, a foreign think tank said on Wednesday.   In a research note to its clients, Capital Economics said high inflation and a slowdown in private investment would weigh down the local economy over the coming quarters.   "In contrast to the consensus, which is expecting growth to rebound next year, we think [gross domestic product (GDP) growth] will slow to just 6 percent in 2019," the think tank said, citing the stubbornly high inflation as the country's main economic challenge at present.   "The main concern for policymakers is the recent...Keep on reading: High inflation, investment slowdown to drag growth.....»»

Category: newsSource:  inquirerRelated NewsOct 10th, 2018

IN CHARTS: Carinderia, sari-sari store owners feel pinch of inflation

MANILA, Philippines – Micro-retail businesses are complaining that the  rising cost of goods  dented their earnings because customers are cutting down on consumption.  The Philippine Association of Stores and Carinderia Owners (PASCO) expressed their concern about the rising cost of goods on Friday, October 5, as inflation surged to a fresh 9-year high of ........»»

Category: newsSource:  rapplerRelated NewsOct 5th, 2018

Soaring prices worry Filipinos most — Pulse Asia

Rising inflation is the most urgent concern of most Filipinos, results of a recent Pulse Asia survey showed......»»

Category: newsSource:  philstarRelated NewsSep 28th, 2018

PH top concern: Taming inflation

PH top concern: Taming inflation.....»»

Category: newsSource:  thestandardRelated NewsSep 27th, 2018

PH top concern: Taming inflation

PH top concern: Taming inflation Source link link: PH top concern: Taming inflation.....»»

Category: newsSource:  manilainformerRelated NewsSep 27th, 2018

Pulse Asia: Inflation top public concern

Pulse Asia: Inflation top public concern.....»»

Category: entertainmentSource:  pepRelated NewsSep 27th, 2018

Hot money reverses to net inflow in first half of 2018

Net inflow of foreign portfolio investments amounted to $306.25 million in the first half, a complete reversal of the $467.83 million net outflow recorded in the same period last year despite strong outflows in May and June due to investor concern on inflation as well as the weak peso and rising interest rates in the US......»»

Category: financeSource:  philstarRelated NewsJul 13th, 2018

DoF: June inflation likely higher at 4.9%

INFLATION could have accelerated anew last month with both food and non-food consumer items driving the uptick, the Finance department said on Tuesday. “Inflation in June likely inched up to 4.9 percent year-on-year, up from the previous month’s 4.6 percent due to base effects and 0.35 percent month-on-month increase,” the department said in an economic bulletin… link: DoF: June inflation likely higher at 4.9%.....»»

Category: newsSource:  manilainformerRelated NewsJul 3rd, 2018

BSP hikes rates anew

Inflation still a concern but forecasts for 2018, 2019 lowered MONETARY authorities on Wednesday raised key interest rates for the second time this year, noting the need for “follow-through” action to address inflation. The Bangko Sentral ng Pilipinas’ (BSP) policy-setting Monetary Board ordered a 25-basis point (bps) adjustment, which brought the central bank’s overnight borrowing, lending and [...] The post BSP hikes rates anew appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJun 20th, 2018

US Federal Reserve raises key interest rate to 1.75-2%

Washington — The US Federal Reserve raised the benchmark lending rate on Wednesday, the second increase of the year, and signaled two more hikes were coming in 2018 and four in 2019, a possible sign of concern about accelerating inflation. The unanimous vote brings the federal funds rate to a range of 1.75-2.0 percent but […] The post US Federal Reserve raises key interest rate to 1.75-2% appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsJun 13th, 2018

Labor threatens to go on strike over rise in cost of living caused by ‘tax reforms’

ORGANIZED labor threatened to go on strike in the face of the rising cost of living as a result of the sudden uptick of inflation and drop of the purchasing power of minimum wage earners. The Bukluran ng Manggagawang Pilipino-National Capital Region (NCR)- Rizal (BMP-NCRR) and the Metro East Labor Federation (MELF), among other labor groups, issued the [...] The post Labor threatens to go on strike over rise in cost of living caused by ‘tax reforms’ appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsJun 8th, 2018

Government flags inflation concern

INFLATION clocked slower than expected in May but still marked the fastest clip in more than five years and kept the year-to-date pace past the government’s 2-4% target for 2018, prompting state economic managers to express concern and assure the public of action in separate statements on Tuesday. The post Government flags inflation concern appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJun 6th, 2018

4.6 percent May inflation highest in 5 years

The rate of increase in consumer prices hit a fresh five-year high of 4.6 percent in May and monetary authorities said inflation remains a concern despite signs it is slowing down......»»

Category: newsSource:  philstarRelated NewsJun 5th, 2018

4.6 percent May inflation highest in 5 years

The rate of increase in consumer prices hit a fresh five-year high of 4.6 percent in May and monetary authorities said inflation remains a concern despite signs it is slowing down......»»

Category: newsSource:  philstarRelated NewsJun 5th, 2018

Aklan’s inflation hits 2.2 percent in 2017

AKLAN’S annual inflation rate picked up by 2.2 percent in 2017from 0.6 percent a year ago according to the Philippine Statistics Authority (PSA)-Aklan. The inflation rate is the annual rate of change or the year-on-year change in consumer price index (CPI). The annual uptick was primarily pushed by eight of the eleven commodity groups, namely: […] The post Aklan’s inflation hits 2.2 percent in 2017 appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsMay 11th, 2018