INFLATION figures for the month of May will be released Tuesday, and the National Economic and Development Authority (Neda) hinted that it will show a continuing “downward trend.” “We are expecting and predicting that inflation will go down 3, 4, 5 percent by the end of the year so that we…
THE crisis in Ukraine will likely hit the poor the hardest as they spend a larger share of their income on food and fuel, according to the International Monetary Fund (IMF). The IMF said the Ukraine crisis is bound to cause price shocks that will be felt worldwide. The Washington-based…
A CONSUMER group is asking the government to suspend the excise tax on petroleum products to provide relief to many sectors amid the pandemic, as oil companies announced another round of price hikes effective midnight Tuesday. The top government economist, however, said suspending the excise tax is not yet necessary…