Pandemic fallout to keep Philippine inflation in check, BSP says
MANILA, Philippines – Prices of basic goods and services will likely remain benign over the near term as the local economy continues to struggle with weak demand due to the…
Lockdown inflation in May seen settling at 2 percent
Inflation was likely to have further slowed down in May as many consumers limited purchases to essentials during an extended lockdown to prevent coronavirus transmission, according to most economists asked…
BSP sees steady inflation rate in May
The steady increase in fuel prices in May—after dropping sharply in the previous month at the height of the lockdown imposed to fight the coronavirus pandemic—may have pushed the country’s…
BSP sees steady inflation rate in May despite gas price hike
The steady increase of fuel prices in May—after dropping sharply in April at the height of the lockdown imposed to fight the COVID-19 pandemic—may have pushed the country’s inflation rate…
Poor hit hard by 2.9 percent food price inflation amid COVID-19 lockdown
Faster food price inflation amid the COVID-19 lockdown last April hurt the pockets of poor families as they had to shell out more despite many of them losing jobs and…
More room for BSP’s economic boosters confirmed by benign April inflation
The central bank on Tuesday (May 5) said it has space to roll out additional measures to support the Philippine economy thanks to a benign price environment highlighted by the…
2.2 percent April inflation lowest in 5 months but food prices up
Inflation eased to a five-month low of 2.2 percent in April as transport costs plunged during a lockdown that restricted mobility and global oil prices took a dive because of…
Low April inflation to give BSP more room to deploy economic boosters
The central bank expects the country’s inflation rate for April — due to be announced by the government on Tuesday (May 5) morning — to remain low and give the…
‘The only game in town’: P24B in T-bills sold as rates pulled down by low inflation, oil prices
Lower global oil prices and prospects of slower inflation in April pulled T-bill rates down, allowing the Bureau of the Treasury to sell P24 billion or P4-billion more than its…
BSP warns of inflation spike due to supply chain disruptions
The pace of price increases of consumer goods and services will likely remain muted over the next few months due to weak local demand as well as the plunge in…