DOH: Drug prices still stable despite inflation

In a briefing, DOH officer-in-charge Maria Rosario Vergeire said the agency monitored a slight increase in the price of a hypertensive medicine last December due to inflation and devaluation of Philippine peso......»»

Category: newsSource: philstar philstarJan 25th, 2023

DBCC opts to keep inflation target at 2% to 4% until 2024

Inflation rate, or the movement in consumer prices, is expected to remain stable over the next four years as the interagency Development Budget Coordinating Committee and the Bangko Sentral ng Pilipinas decided to retain the inflation target range of 2 percent to 4 percent for 2021 to 2024......»»

Category: sportsSource:  abscbnRelated NewsDec 21st, 2020

Gov’t pushes digitalized, mechanized farm sector

The Department of Finance (DOF) said the government is rapidly digitalizing the country’s agricultural systems and mechanizing farm production to ensure food security over the long run. During the virtual 2020 Annual Meetings of the International Monetary Fund and the World Bank Group, Finance Secretary Carlos G. Dominguez III said the government wants to turn the coronavirus-induced health emergency into an opportunity. Finance Secretary Carlos G. Dominguez III (MANILA BULLETIN FILE PHOTO) To do so, Dominguez said efforts to implement the twin measures are being done to expand Filipinos’ market access for food producers while keeping food supply available and prices affordable. “We are confident that the innovative measures we are putting in place today will transform Philippine agriculture into a dynamic, high-growth sector that will fuel our country’s strong recovery,” Dominguez said during the high-level Food Security Roundtable at the meeting. Dominguez said the government is also promoting digital marketing to support ongoing efforts to boost consumer spending in the new normal and sustaining public investments in rural infrastructure. He added that the government is accelerating the move towards agricultural technology-based farming and value chain development to ensure long-term food security.  To channel more funds into the agriculture sector, the government is also encouraging more private-sector financing in the sector by proposing reforms in the Congress that will provide more access to credit for the entire agricultural value chain, Dominguez said.   “We all aspire for greater food and nutrition security for our people. Only an efficient and modern agriculture sector can fully deliver that,” Dominguez, who was Agriculture secretary during the administration of the late President Corazon Aquino, said. Amid pandemic, Dominguez III said the Philippines has been handling the COVID-19 crisis “with strength on the food security front” duets reforms, particularly with the passage of the Rice Tariffication Law (RTL). According to Dominguez, the agriculture sector was “one of the brightest spots” of the Philippines’s response to the pandemic owing in large part to the RTL. He pointed out that agriculture sector even continued to grow when the rest of the economy contracted because of the COVID-19 pandemic.  Dominguez said rice tariffication was among the main reasons why the government has succeeded in keeping food prices and supply stable, and inflation low during the COVID-19 emergency.  Keeping rice prices stable has been helpful for low-income households that spend a fifth of their budgets on rice alone, he added.   “The Philippines faced the COVID-19 pandemic with strength on the food security front,” Dominguez said.  He pointed out that despite logistical restrictions resulting from the lockdowns imposed to protect people and communities from the lethal coronavirus, the government was able to sustain the flow of produce from local farms to Filipino consumers.   “A food crisis did not happen. This is credited to the effective management of the food supply by our Agriculture Department,” Dominguez said......»»

Category: newsSource: NewsNov 8th, 2020

DA vows to keep prices stable

The Department of Agriculture has vowed to keep food prices affordable as inflation eases amid the pandemic......»»

Category: financeSource:  philstarRelated NewsSep 7th, 2020

Brief lockdown slows inflation beyond BSP expectations

The latest inflation outturn was the slowest in three months and kept prices stable......»»

Category: financeSource:  philstarRelated NewsSep 4th, 2020

Inflation remains high, may hit 8.3% in January

Inflation remained elevated last month, likely settling between 7.5 and 8.3 percent, as higher electricity, water, fuel and food prices continue to hound consumers, according to the Bangko Sentral ng Pilipinas......»»

Category: financeSource:  philstarRelated NewsJan 31st, 2023

‘Next agriculture chief must have farmers’ welfare at heart’

The next agriculture chief should not just be an expert but should also be someone who has the farmers’ welfare at heart and genuinely devoted to working for food security and keeping prices in the country stable, Sen. Cynthia Villar said yesterday......»»

Category: newsSource:  philstarRelated NewsJan 24th, 2023

An omelet of a crisis

After a serious upsurge in onion prices, now the price of eggs has gone up by 45 percent. This has triggered what Rappler calls an omelet inflation crisis......»»

Category: financeSource:  philstarRelated NewsJan 15th, 2023

Inflation rates seen on target in Asia by 3rd quarter

Inflation rates are likely to be back on target in Asia by the third quarter, with fuel prices seen to decline further and food prices expected to ease, according to think tank Oxford Economics......»»

Category: financeSource:  philstarRelated NewsJan 15th, 2023

Stocks rise for 3rd day

Share prices climbed anew yesterday amid a scorching inflation report as investors continued to bank on hopes for China’s emergence from the COVID-19 pandemic......»»

Category: financeSource:  philstarRelated NewsJan 5th, 2023

Inflation seen dropping in January – FMIC/UA& P

Inflation will likely start to fall this month, with crude prices back to pre-Russia-Ukraine war, according to the latest issue of The Market Call......»»

Category: financeSource:  philstarRelated NewsJan 3rd, 2023

Economists expect inflation at over 8%

Inflation may have accelerated further and likely peaked in December, according to a poll of leading bank economists. However, they expect prices to soften within the first quarter......»»

Category: financeSource:  philstarRelated NewsJan 2nd, 2023

Economists expect inflation at over 8% 88%over 8%

Inflation may have accelerated further and likely peaked in December, according to a poll of leading bank economists. However, they expect prices to soften within the first quarter......»»

Category: financeSource:  philstarRelated NewsJan 1st, 2023

Calling inflation s peak, BSP says prices likely soared higher in December

In a statement on Thursday, the central bank projected inflation would land between the range of 7.8-8.6% in December. Inflation accelerated to 8% in November as commodity prices raged. .....»»

Category: financeSource:  philstarRelated NewsDec 30th, 2022

High prices dampen consumers’, firms’ optimism about 2023

Expectations of even higher inflation, higher interest rates, a weaker peso and lower demand for their products and services have dampened the optimism of companies and households about their prospects in the first quarter of 2023 as well as the full year ahead. For consumers, the weaker optimism was attributed to their expectations of: faster […] The post High prices dampen consumers’, firms’ optimism about 2023 appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsDec 17th, 2022

Index rebounds on US inflation optimism

Share prices rebounded by 32.69 points or 0.50 percent to settle at 6,615.07 as US inflation turned out to be “cooler-thanexpected,” analysts said......»»

Category: financeSource:  philstarRelated NewsDec 15th, 2022

OCTA poll: Managing inflation top Pinoy concern

Controlling the increase in basic prices and commodities remained the most urgent concern for most Filipinos, according to a recent survey conducted by OCTA Research group......»»

Category: newsSource:  philstarRelated NewsDec 9th, 2022

Food, food, food

Inflation jumped to 8% according to the official November 2022 figures of government. That is painful news. More painful, though, is that the continuing rise of inflation is being driven strongly by rising food prices. To think that food costs are the main expenses of the poor, food prices alone can magnify the suffering of […] The post Food, food, food appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsDec 9th, 2022

Inflation Increases to 14-Year High 8.0% in November

The inflation rate in the country surged to a 14-year high in November, bringing consumer goods prices up once again, according to data provided by the Philippine Statistics Authority (PSA) Tuesday. PSA reported that the country’s inflation rate increased to 8 percent in November, which is the highest inflation rate the country has seen since […].....»»

Category: newsSource:  metrocebuRelated NewsDec 7th, 2022

Inflation soars to 8% in November, beating forecasts

Filipino consumers did not get their much-needed respite from high prices last month after inflation quickened faster than expected in November......»»

Category: financeSource:  philstarRelated NewsDec 6th, 2022

Quick Take: BSP pegs November inflation at 7.4-8.2%

For us, an island nation, it all comes back to input prices of energy, and until those input prices come back down........»»

Category: financeSource:  philstarRelated NewsDec 1st, 2022