Amid the slowdown of inflation in most commodity’s prices, the price of rice, the country’s staple, stood out as the commodity that posted the highest increase in January, according to the Philippine Statistics Authority (PSA). PSA data also showed rice price inflation experienced by All Income Households averaged 22.6 percent,…
CHEAPER vegetables and sugar may have led to an inflation rate in January that is well within the government’s targets, according to the Bangko Sentral ng Pilipinas (BSP). In its month-ahead inflation forecast, BSP said inflation could settle at 2.8 percent to 3.6 percent. BSP Governor Eli M. Remolona Jr.…
HIGHER investments in agriculture and infrastructure are potent non-monetary measures that can help bring down inflation, according to Monetary Board members. Monetary Board Member Bruce J. Tolentino told BusinessMirror on Monday that efforts to boost spending for agriculture, infrastructure, power, trade, and government operation will greatly contribute to bringing down…
INFLATION may have slowed in November, but local economists warned that higher rice prices as well as Christmas spending in December may keep commodity prices elevated. On Tuesday, the Philippine Statistics Authority (PSA) disclosed that the country’s inflation slowed to 4.1 percent. This was slower than the 4.9 percent posted…