Latest Breaking News On - Lightly above the bsp 39s target range of 2 0 to 4 percent for 2022 quot russia ukraine conflict has disrupted global supply chain and elevated commodity prices - Page 1 : comparemela.com

MANILA - The National Economic and Development Authority (NEDA) has highlighted the issuance of Executive Order (EO) No. 171 and the government's fuel subsidy program in helping ease the impact of global inflationary pressures. The Philippine Statistics Authority (PSA) on Tuesday reported that headline inflation increased to 5.4 percent in May 2022 from 4.9 percent in the previous month. The inflation rate is within the Bangko Sentral ng Pilipinas' (BSP) forecast range of 5.0 to 5.8 percent for the month. Year-to-date inflation settled at 4.1 percent, slightly above the BSP's target range of 2.0 to 4.0 percent for 2022. "The Russia-Ukraine conflict has disrupted the global supply chain and elevated commodity prices, particularly for fuel. We have seen how a single crisis can set us back, so the Duterte administration has pursued both short- and long-term interventions to increase the resilience of our domestic economy against external shocks," Socioeconomic Planni

Pantawid pasadaRodrigo duterteBangko sentralKarl kendrick chuaEconomic development clusterNational economicPhilippine statistics authorityDevelopment authorityExecutive orderPlanning secretary karl kendrick chuaRice tariffication lawPresident rodrigo duterteManila the national economic and development authority neda has highlighted issuance of executive order eo no 171 government 39s fuel subsidy program in helping ease impact global inflationary pressures philippine statistics psa on tuesday reported that headline inflation increased to 5 4 percent may 2022 from 9 previous month rate is within bangko sentral ng pilipinas 39 bsp forecast range 0 8 for year date settled at 1Lightly above the bsp 39s target range of 2 0 to 4 percent for 2022 quot russia ukraine conflict has disrupted global supply chain and elevated commodity pricesArticularly for fuel we have seen howa single crisis can set us backO the duterte administration has pursued both short and long term interventions to increase resilience of our domestic economy against external shocks