Rice multiplies inflation weight 10-fold

The contribution of rice to inflation multiplied tenfold this year amid issues on supply and importation, underscoring the need to implement reforms in the government’s agricultural policies, according to the Department of Finance (DOF)......»»

Category: financeSource: philstar philstarOct 12th, 2018


Like rice, for many galunggong (round scad) is a staple. Fish after all is an important part of the basket of goods whose prices are tracked and regulated and when included in the aggregate prices of everything considered staples, when weight-averaged to determine the total cost of living, it becomes a critical indicator of inflation. […].....»»

Category: newsSource:  tribuneRelated NewsAug 30th, 2018

BSP takes heart from rice tariffication, charter change

TWO NEWLY ENACTED LAWS are seen to strengthen operations of the Bangko Sentral ng Pilipinas (BSP), with monetary officials noting they will now have a better handle on inflation as well as on the financial system......»»

Category: financeSource:  bworldonlineRelated NewsFeb 17th, 2019

No bread, no life

  People who have adopted the popular no-carb diet to lose weight, for health reasons or vanity alone, swear by the efficacy of ditching rice and bread.   Rice, or at least the white rice of today, is being blamed for helping cause diabetes. Bread, or mostly white bread, is identified as a not-so-healthy food when its makers use preservatives, if not harmful substances like bromate.   But for someone who has totally stopped eating rice the past 18 months to reduce an expanding waistline, I still can't quit bread. I may not eat it every day, but I find it harmless, if not a necessity, for a satisfying meal. For instance, a breakfast of eggs is more fillin...Keep on reading: No bread, no life.....»»

Category: newsSource:  inquirerRelated NewsFeb 14th, 2019

BSP sees little inflation risk from El Niño

INFLATION will not zoom past target this year despite threats of a dry spell, a senior central bank official said, citing ample buffer stocks of rice to keep price hikes at bay......»»

Category: newsSource:  bworldonlineRelated NewsFeb 10th, 2019

China diamonds made in days

ZHENGZHOU/BRUSSELS — A diamond is forever but its chemical composition is just carbon, the fourth most abundant element in the universe. Before being cut and polished to what may cost over $2,000 per carat — one-fifth of a gram, or the weight of two grains of rice, diamonds have traditionally been mined from earth where […].....»»

Category: newsSource:  tribuneRelated NewsFeb 7th, 2019

Economic cluster calls for greater focus on agri

Economic managers are calling on the Department of Agriculture (DA) to boost the farm sector's performance as the administration continued to work on tempering inflation, noting that the industry "needs greater attention now more than ever" if the government wants to boost economic growth. The call was made in a statement released by the government's economic cluster after the report on the January inflation rate came out. Inflation on the first month of the year hit 4.4 percent, the slowest in 10 months, thanks to slower rise in the prices of food and nonalcoholic beverages and the continued improvement in the supply of food, particularly rice, corn and fish. Despite these develop...Keep on reading: Economic cluster calls for greater focus on agri.....»»

Category: newsSource:  inquirerRelated NewsFeb 6th, 2019

BSP sees even slower Jan. inflation

THE OVERALL increase in prices of widely used goods likely dropped sharply in January for the third straight month, the Bangko Sentral ng Pilipinas (BSP) said, as lower rice prices and power rates may have offset higher fuel prices as the year opened......»»

Category: newsSource:  bworldonlineRelated NewsJan 31st, 2019

Duterte urged to sign rice tariffication bill | Inquirer Business

Local and foreign business groups have urged President Duterte to sign the bill that will let rice imports flow freely into the country after problems in the staples supply pushed inflation to new hig.....»»

Category: newsSource:  philippinetimesRelated NewsJan 23rd, 2019

Neda: Rice tariffication to stabilize inflation

Neda: Rice tariffication to stabilize inflation.....»»

Category: financeSource:  thestandardRelated NewsJan 9th, 2019

BSP declares victory over inflation as downtrend is confirmed

The central bank on Friday declared victory in its fight against rising prices after the government announced that the consumer price index for December 2018 fell to 5.1 percent --- lower than the expectations of even the most optimistic economists. In a press statement, the Bangko Sentral ng Pilipinas said the latest figure confirms its assessment that the inflation target for the next two years will be achieved. "The within-target inflation outlook over the policy horizon largely reflects the estimated impact of the rice tariffication law, lower global oil prices, and latest monetary policy adjustments by the BSP," the central bank said. The growth of consumer prices eased for...Keep on reading: BSP declares victory over inflation as downtrend is confirmed.....»»

Category: newsSource:  inquirerRelated NewsJan 4th, 2019

Inflation likely eased in December — BSP

INFLATION likely eased further in December, the Bangko Sentral ng Pilipinas (BSP) said, with the rate possibly settling at the five percent level given lower fuel and rice prices......»»

Category: newsSource:  bworldonlineRelated NewsDec 28th, 2018

Government to prioritize agriculture sector — DOF

The Duterte administration vows to prioritize the agriculture sector to raise farm productivity and increase farmers’ income, while avoiding a repeat of the supply problems in rice and other food items that pushed up inflation in the second half of 2018, according to the Department of Finance......»»

Category: financeSource:  philstarRelated NewsDec 25th, 2018

PCCI to mobilize local chapters to stabilize prices

The Philippine Chamber of Commerce and Industry has offered to mobilize its chapters and business organizations nationwide to assist the government’s program allowing retailers to import rice and sugar provided they sell at pre-inflation levels and ensure that the lowering of prices can be felt as soon as possible, especially during the Christmas season. PCCI… link: PCCI to mobilize local chapters to stabilize prices.....»»

Category: newsSource:  manilainformerRelated NewsDec 10th, 2018

‘Rice tariffication won’t solve Philippines’ inflation problem’

By Ian Nicolas Cigaral/ – Lifting the more than two-decade-old caps on rice imports would not solve the Philippines’ inflation problem, Deutsche Bank said, adding that the country’s “overheating” economy must lose steam to “stably” tame stubbornly high prices. Households reeling from soaring prices since the beginning of the year Read more ».....»»

Category: newsSource:  thepinoyRelated NewsDec 9th, 2018

Inflation to finally start slowing – poll

6.1-6.6% result seen for November, down from 2018 high of 6.7% INFLATION likely slowed in November with economists polled by The Manila Times pointing to cheaper fuel and rice, among…READ The post Inflation to finally start slowing – poll appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsDec 3rd, 2018

DOF sees inflation easing to 6.3% in November

Inflation likely eased to 6.3 percent in November from a near 10-year high of 6.7 percent in October as supply of agricultural products, particularly rice, started to normalize last month, according to the Department of Finance (DOF)......»»

Category: financeSource:  philstarRelated NewsDec 3rd, 2018

BSP sees lower 2019 inflation

With or without the suspension of the excise tax on fuel, inflation forecast for 2019 of 3.5 percent could still be brought down on the back of declining oil and rice prices, according to a senior BSP official. BSP sees lower 2019 inflation Source link: BSP sees lower 2019 inflation.....»»

Category: newsSource:  manilainformerRelated NewsDec 2nd, 2018

BSP: Inflation likely eased in November 2018

Inflation may ease this month from a near-decade high of 6.7 percent in October due to the sharp decline in oil prices, improving supply of rice and other commodities, and the strong rebound of the peso, according to the Bangko Sentral ng Pilipinas......»»

Category: financeSource:  philstarRelated NewsNov 29th, 2018

BSP sees November inflation slowdown

INFLATION likely slowed sharply in November from a nine-year peak, the central bank said on Thursday, citing falling oil prices and improved rice supply despite higher transport fares......»»

Category: newsSource:  bworldonlineRelated NewsNov 29th, 2018

MB member cites ebbing price pressures

INFLATION PRESSURES “have subsided” after overall price increases hit a nine-year peak the last two months, according to a member of the central bank’s policy-making Monetary Board, even as he cited the need to lift import restrictions for rice soonest as a key step to keep such pressures at bay......»»

Category: newsSource:  bworldonlineRelated NewsNov 28th, 2018