Inflation

2 days ago

Consumer prices may have risen at a slightly slower pace in June — central bank

The Bangko Sentral ng Pilipinas on Friday projected that June 2024 inflation to fall within the range of 3.4 to 4.2 percent.

2 days ago

Gloomy businesses see higher inflation, pricier loans contrary to BSP forecasts

Despite government assurances of declining inflation and interest rates, businesses expect price increases to keep accelerating and borrowing costs to rise in the third quarter of the year and the next 12 months.

6 Jun 2024

5:31PM

Banks see BSP rate cuts by yearend as second half inflation eases

By: Miguel R. Camus

Inflation may rise in the next few months before easing in the third quarter, prompting the Bangko Sentral ng Pilipinas to consider unwinding high interest rates before the end of 2024.

31 May 2024

11:33AM

BSP sees slight May inflation uptick on pricier power, vegetable prices, and weak peso

The Bangko Sentral ng Pilipinas anticipates the inflation rate for May to range between 3.7% and 4.5% — representing a slightly upward bias from the official April consumer price index of 3.8%.

31 May 2024

10:42AM

Fil-Chinese businessmen back proposed rice tariff cuts to combat inflation

The Federation of Filipino Chinese Chambers of Commerce and Industry, Inc., led by its president Cecilio Pedro, said on Friday that it supports Finance Secretary Ralph Recto's proposal to reduce rice tariffs below the current 35 percent until the end of the year.

30 May 2024

9:16AM

Toll fee hike exemption for agri trucks to help cap inflation, says Finance chief

Finance Secretary Ralph Recto on Thursday welcomed the decision to exempt trucks carrying agricultural goods from toll fee hikes and provide rebates starting June 1, 2024, saying the measure will help curb food inflation and maintain stable food prices.

28 May 2024

9:09AM

Expect inflation rate spike from May to July, BSP official says

By: Daxim L. Lucas

The pace of price increases for basic goods and services will likely accelerate over the May to July period before reverting to more comfortable levels toward the end of 2024, a ranking central bank official said on Monday.

10 May 2024

3:52PM

BSP to maintain cautious stance, 50 basis point rate cuts possible in 2nd half of 2024, BPI says

By: Miguel R. Camus

The Bangko Sentral ng Pilipinas (BSP) is expected to maintain a cautious approach to monetary policy, likely keeping key interest rates steady through the first half of the year before possible rate reductions of around 50 basis points in the second semester, according to Bank of the Philippine Islands (BPI)

25 Apr 2024

10:22AM

NEDA Backs Eased Food Import Policy to Relieve Inflation

President Marcos’ decision to enacte Administrative Order No. 20 — aimed at easing the Philippines' agricultural import policies — Is meant to address food security concerns and mitigate inflation, National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan said on Thursday.