Tag: inflation

LOWER INFLATION will trigger a similar decline in bond yields this year, analysts at First Metro Investment Corp. (FMIC) said, together with expected rate cuts from the central bank.

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THE OVERALL year-on-year increase in prices of widely used goods eased for the second straight month in December by its slowest pace in seven months, the Philippine Statistics Authority reported on Friday, giving the central bank room to consider the impact of its next monetary policy moves on economic growth.

INFLATION likely eased further in December, the Bangko Sentral ng Pilipinas (BSP) said, with the rate possibly settling at the five percent level given lower fuel and rice prices.

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THE CENTRAL BANK may now proceed with planned cuts in bank reserves next year as inflation is sure to go down, bank analysts said.

INFLATION will likely remain above target in 2019, a global bank said, which will prompt further rate hikes from the Bangko Sentral ng Pilipinas (BSP) to keep local yields competitive.

INFLATION, as experienced by low income households, stood at 9.5% in October, driven by sharp price upticks in food and utilities, the government reported on Friday.

Your weekly recap of BusinessWorld news.

Your weekly recap of BusinessWorld news.

INFLATIONARY PRESSURES from election-related spending in 2019 will likely be muted, the National Economic and Development Authority (NEDA) said.

Your weekly recap of BusinessWorld news.

Your weekly recap of BusinessWorld news.

BANK ECONOMISTS expect inflation to remain elevated during the last three months of 2018, with some noting that prices may surge faster by yearend.

INFLATION could “revert more quickly” to below four percent next year given non-monetary interventions to boost food supply coupled with sound policy actions from the Bangko Sentral ng Pilipinas (BSP), a senior official said.

INFLATION surged anew in September to a fresh nine-year high as the strong typhoon which hit last month worsened supply issues for rice and other crops, spurring calls for further interest rate hikes from the central bank.

THE BANGKO Sentral ng Pilipinas (BSP) expects inflation to have further accelerated in September, due to higher oil and food prices, it said in a statement on Friday.

THE National Economic Development Authority (NEDA) backed the declaration of a state of calamity in regions affected by typhoon Ompong, as it would allow authorities to impose price ceilings on basic goods to help soften inflation in hard-hit areas.

ECONOMIC managers said current inflationary conditions do not amount to a “major” crisis and added that they are confident that an Executive Order expected in the next few weeks will stabilize prices by next month.

FILIPINOS queuing for hours to buy cheap rice from the government. Families eating fewer meals a day to save money. Locals venting their anger against President Rodrigo R. Duterte on social media.

THE business lobby said inflation can be kept in check with changes to agricultural policy, particularly with long-term reforms to address systemic production shortfalls in the sugar, rice and fishing industries.

INFLATION in health care costs will remain in the double digits in 2018, driven by non-communicable diseases, an international employee benefits firm said.

INFLATION is seen to remain above 6% until October, bolstering expectations of more rate hikes from the central bank, economists from Nomura said.

PHILIPPINE stocks and the peso led declines in Asia after Wednesday’s jump in inflation coincided with an intensifying emerging-market (EM) sell-off, and Jefferies Hong Kong Ltd. downgraded the nation’s equities.

SENATORS on Thursday called on the government to implement measures to counter inflation, which rose to 6.4% in August.

Financial services firm Credit Suisse said the local central bank needs to hike its interest rates by 50 basis points (bp) to dampen inflation...

HEADLINE INFLATION in August caught state economic managers and financial markets by surprise, shooting up to its fastest clip in almost a decade, according to official data the Philippine Statistics Authority (PSA) released on Wednesday.

The peso weakened against the dollar to its fresh 12-year low on Wednesday, Sept. 5, following the faster-than-expected August inflation print. The local currency ended...

Inflation in August shot up to its fastest pace in almost a decade, according to the government's latest data released this morning. Data from the...

OPPOSITION MEMBERS of the House of Representatives have filed a bill seeking to suspend the excise tax on kerosene and diesel contained in the provisions of the Tax Reform for Acceleration and Inclusion (TRAIN) law.

Ankara -- Inflation in Turkey rose again in August to nearly 18 percent, official statistics showed on Monday, a record since late 2003 and...

INFLATION likely zoomed to a fresh multi-year high in August due largely to higher food costs, analysts said in a BusinessWorld poll, boosting the case for another rate hike this month to douse surging prices.

THE OVERALL INCREASE in prices of widely used goods likely clock in around 5.9% in August — marking a fresh multiyear high — the Bangko Sentral ng Pilipinas (BSP) said in a statement on Friday, noting that food and utility costs maintained their ascent.

THE PHILIPPINE STATISTICS AUTHORITY (PSA) will hold off till 2020 the use of a new baseline for measuring economic growth.

A FOURTH successive tightening move may be announced by the central bank next month, a global bank said, as it sees inflation topping six percent until September.

Independent Philippine Petroleum Companies Association (IPPCA) has asked the Department of Energy (DoE) to consider other means in helping rein in inflation instead of...

INDEPENDENT oil companies are opposing the directive of the Energy department to make Euro 2 diesel available at their fuel retail stations, saying the move would require “significant” spending for a problem of the government’s doing.

THE OVERALL RISE in prices of widely used goods can be expected to creep closer to six percent this month before peaking in September, the head of the Bangko Sentral ng Pilipinas (BSP) said in a forum on Friday.

INFLATION should peak in the next two months before slowing closer to target, the country’s central bank chief said, noting that tax-related price pressures have been “tapering off.”

THE GOVERNMENT is “very concerned” about the rising price of fish amid declining production over the past five years, raising the risk of reduced access to and higher prices for a type of food deemed to be a key source of low-cost nutrition for the population.

The Department of Energy (DoE) has issued a directive to oil companies to start selling Euro 2 diesel even ahead of the Environment department's...

THE DEPARTMENT of Trade and Industry (DTI) office in the Autonomous Region in Muslim Mindanao has stepped in to curb what it tagged as “a massive price inflation of rice and shortage of food supply” in the island province of Sulu.

The Bangko Sentral ng Pilipinas (BSP) raised rates anew on Thursday, Aug. 9, in a more aggressive move as expected, to arrest faster inflation...

The question facing policy makers in the Philippines is not whether to raise interest rates for a third time in a row, but by...

Inflation continued to accelerate in July, the government reported this morning. Preliminary results from the Philippine Statistics Authority (PSA) showed the prices of widely used...