October inflation hits 3-month high

Credit to Author: Anna Leah E. Gonzales| Date: Thu, 05 Nov 2020 16:35:35 +0000

Higher prices of food, particularly meat and fish, and non-alcoholic drinks pushed the country’s headline inflation to 2.5 percent in October, the Philippine Statistics Authority (PSA) reported on Thursday. The figure is higher than the 2.3 percent in September and 0.8 percent a year earlier. It also matched June’s 2.5 percent and is greater than […]

Read more

‘Covid-19 to pull down inflation’

Credit to Author: Mayvelin U. Caraballo, TMT| Date: Thu, 05 Nov 2020 16:31:54 +0000

The economic impact of the coronavirus disease 2019 (Covid-19) pandemic would continue to drag the country’s headline inflation, the Bangko Sentral ng Pilipinas (BSP) said on Thursday. In a Viber message, BSP Governor Benjamin Diokno told reporters that the “balance of risks [to inflation] continues to be on the downside, due largely to the impact […]

Read more

Inflation eased to 2.3% in September

Credit to Author: Anna Leah E. Gonzales| Date: Tue, 06 Oct 2020 16:40:39 +0000

The country’s headline inflation slowed to 2.3 percent last month on the back of lower prices of food and non-alcoholic beverages, the Philippine Statistics Authorty (PSA) reported on Tuesday. Data from the statistics agency showed that the latest figure was slower than August’s 2.4 percent, but faster than the year-earlier’s 0.9 percent. It was also […]

Read more

Inflation eases to 2.4% in August

Credit to Author: Mayvelin U. Caraballo, TMT| Date: Fri, 04 Sep 2020 16:25:36 +0000

The country’s headline inflation slowed to a five-month low of 2.4 percent in August on the back of lower prices of food and non-alcoholic drinks, the Philippine Statistics Authority (PSA) announced on Friday. The figure, slower than July’s 2.7 percent but faster than 1.7 percent in the same month last year, falls outside the Bangko […]

Read more

Inflation picks up to 2.7% in July

Credit to Author: Anna Leah E. Gonzales| Date: Wed, 05 Aug 2020 16:30:20 +0000

The country’s headline inflation accelerated for the second straight month to 2.7 percent in July from 2.5 percent in June on the back of higher transportation fares, the Philippine Statistics Authority (PSA) announced on Wednesday. The latest figure is higher than the 2.4 percent posted in the same month last year, and puts the year-to-date […]

Read more

July inflation ‘non-issue’ for BSP, monetary policy – analysts

Credit to Author: Mayvelin U. Caraballo, TMT| Date: Wed, 05 Aug 2020 16:29:06 +0000

Inflation is still a non-issue for the country’s monetary authorities, which would give them more space to focus on supporting the Philippines’ economic recovery from the coronavirus pandemic, analysts said on Wednesday. “In our view, July’s gains are transitory, as demand conditions remain weak,” ANZ research analysts Kanika Bhatnagar and Sanjay Mathur said, adding that […]

Read more

BSP: July inflation may have risen to 3%

Credit to Author: Mayvelin U. Caraballo, TMT| Date: Thu, 30 Jul 2020 18:26:21 +0000

The country’s headline inflation rate could have slowed further to 2.2 percent or accelerated to 3 percent this month on the back of higher fuel and rice prices as electricity rates fell and the peso strengthened, the Bangko Sentral ng Pilipinas (BSP) said on Thursday. In a message to reporters, BSP Governor Benjamin Diokno said […]

Read more

PH inflation slowed to 5-month low in April

Credit to Author: Anna Leah E. Gonzales| Date: Tue, 05 May 2020 17:09:16 +0000

The country’s headline inflation further decelerated to a five-month low of 2.2 percent in April from 2.5 percent the month before on the back of lower oil prices, the Philippine Statistics Authority (PSA) reported on Tuesday. The statistics agency said consumer price growth last month was the slowest since the 1.3 percent posted in November […]

Read more

April inflation to hit 1.9-2.7%

Credit to Author: Mayvelin U. Caraballo, TMT| Date: Thu, 30 Apr 2020 17:04:27 +0000

The country’s headline inflation could have eased further to 1.9 percent or picked up slightly to 2.7 percent last month on account of lower oil prices, the Bangko Sentral ng Pilipinas (BSP) said on Thursday. “The progressive fall in inflation will continue,” BSP Governor Benjamin Diokno told reporters in a Viber message after the central […]

Read more

February inflation seen settling within 2.4-3.2%

Credit to Author: Mayvelin U. Caraballo, TMT| Date: Fri, 28 Feb 2020 17:05:22 +0000

THE country’s inflation likely eased to as low as 2.4 percent or accelerated to as high as 3.2 percent this month, the Bangko Sentral ng Pilipinas (BSP) said on Friday. The range projected by the central bank’s Department of Economic Research compares with January’s 2.9 percent, but lower than the 3.8 percent posted in February […]

Read more