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BSP seen to start rate cuts in August
The Bangko Sentral ng Pilipinas could start slashing interest rates in August this year until the first quarter of 2025 after keeping key rates elevated for a longer period of time, Nomura Global Markets Research said......»»
Floods displace 83,000 families in Davao Region
DAVAO CITY (MindaNews / 19 January) – Floods brought by heavy rains due to a shear line have uprooted a total of 83,158 families or 349,183 individuals in Davao Region, according to the Office of Civil Defense (OCD) regional office. OCD-Davao Region spokesperson Franz Irag said that as of Friday, 3,648 families or 14,685 individuals […].....»»
Cebu’s inflation rate rose in Feb compared to January
CEBU CITY, PHILIPPINES – Cebu’s inflation rate rose slightly in February compared to lJanuary as prices have gone up in most parts of the province including the tri-cities of Cebu, Lapu-Lapu, and Mandaue. This was after the Philippine Statistics Authority (PSA) Cebu Province announced the current inflation rate of Cebu including the Highly Urbanized Cities.....»»
Inflation: A Beginner’s Guide
Inflation is a concept that greatly affects everyone’s daily lives, yet many still find it somewhat confusing to understand. Simply put, you can think of inflation as this: As prices rise over time, the purchasing power of money decreases. This will greatly impact your savings plans, investments, and your overall financial stability. However, there is […].....»»
Philippine inflation rises to 3.4 pct in February
MANILA, March 5 (Xinhua) -- Year-on-year inflation in the Philippines rose to 3.4 percent in February from 2.8 percent in January, the first uptrend after a downtrend for four straight months, the Philippine Statistics Authority (PSA) said on Tuesday. The uptrend in the overall inflation in February was primarily influenced by the higher year-on-year increase in the heavily-weighted food and non-alcoholic bevera.....»»
PH Inflation Expected to Range Between 3.5% to 4.3% in April: BSP
Bangko Sentral ng Pilipinas (BSP) announced on Tuesday that the inflation rate could be at 3.5% to 4.3%. BSP said in a Facebook post that this upward trend is caused by the increasing prices of essential goods and gasoline prices, as well as the depreciation of the peso. “The BSP projects April 2024 inflation to […].....»»
BSP: Inflation surpassed target in March
Inflation likely continued its uptick in March but breaching the target of the central bank for the first time in three months amid more expensive electricity costs, oil and food prices......»»
‘Inflation uptick far from over’
The uptick in inflation is far from over as more expensive commodity prices could last until the second quarter, with the government ramping up efforts to ensure food security amid threats of El Niño......»»
Inflation eases to 2.8 percent in January
Driven mainly by the slower increases in food prices, inflation eased further to 2.8 percent in January, according to the Philippine Statistics Authority......»»
Food prices pull down January 2024 inflation to 2.8%
During a press briefing on Tuesday, National Statistician and Philippine Statistics Authority chief Claire Dennis Mapa said that inflation dropped to 2.8% in January 2024, down from 3.9% in December of last year......»»
Inflation still top concern for Pinoys
Despite inflation easing in December, it remains the top concern for many Filipinos as prices of rice, the country’s staple food, continued to pick up, think tank GlobalSource Partners said......»»
Sticky food inflation
Decades of incompetence and corruption at the Department of Agriculture have made food inflation rather sticky for us these days......»»
DA working double time to increase rice production at lower cost amid inflation
The Department of Agriculture promised to intensify its efforts to increase the level of rice production in the Philippines with lower expenditures to alleviate food and non-food inflation, particularly rice......»»
EDITORIAL - Easing food importation
With food-fueled inflation accelerating for the second straight month in March, and the latest surveys showing rising prices still the top concern of Filipinos, the government’s has once again opted for its go-to response: increased importation......»»
Presyo Merkado: Current prices of food in Metro Cebu markets
Presyo Merkado is a daily guide to the prices of goods in different markets around Metro Cebu. Stay updated by checking our site and social media platforms every morning. (UPDATED) CEBU CITY, Philippines —It is almost payday! What are you planning to buy in the market? You may check the prices of goods and commodities.....»»
As prices increase, farmers demand repeal of Rice Liberalization Law
“Farmers and consumers are demanding the strengthening of the rice industry as a solution to the perennial rice inflation, now nearing an all-time high rate that is expected to continue until July." The post As prices increase, farmers demand repeal of Rice Liberalization Law appeared first on Bulatlat......»»
Prices of food supplies in Mindanao markets soar amid Ramadhan
The Bangsamoro government and its constituent-local government units have fused ranks to stop the practice of unscrupulous traders to increase prices of food supplies they sell in markets during the Islamic Ramadhan season......»»
Lapu-Lapu demolition victims receive cash assistance from LGU
LAPU-LAPU CITY, Cebu — Around 318 families, who were victims of demolitions last year, received financial assistance from the Lapu-Lapu City Government on Wednesday, February 21, 2024. Of the said number, 214 families received P21,000 each, while 104 families received P20,000 each. Lapu-Lapu City Mayor Junard “Ahong” Chan said that this was in line with.....»»
DSWD aids fire-hit families in various regions in collab with concerned LGUs
Families affected by recent fire incidents in the different regions in the country have been assisted by the Department of Social Welfare and Development (DSWD) in line with its mandate to serve families and individuals in difficult circumstances, the agency spokesperson said on Tuesday (February 13). DSWD Asst. Secretary for Strategic Communications Romel Lopez said […].....»»
Fuel prices rise by 50¢ per liter amid Russia export ban
MANILA, Philippines —Fuel pump prices will increase by P0.50 per liter starting Tuesday, March 5, due to Russia’s six-month export ban. However, diesel prices will decrease by P0.40 per liter and kerosene by P0.35 per liter, as reported by local oil firms. Shell and Seaoil will implement the price adjustments by 6 a.m. while CleanFuel.....»»