May 23, 2025

Tag: inflation

  • Government Interventions Successfully Stabilize Rice Prices, Inflation Expected to Decline Further

    In a significant development for the Philippines, the Department of Agriculture (DA) has reported a successful stabilization of rice prices, attributing the achievement to various government interventions led by President Ferdinand R. Marcos Jr. The DA’s optimism stems from a recent -2.3 percent deflation in rice prices in January, a sharp decline from the 0.08…

    Written by

    Rowena Aquino

  • Finance Secretary Optimistic About Economic Growth as Inflation Stays Low

    Finance Secretary Ralph Recto expressed optimism about the Philippine economy’s future, citing the country’s stable inflation rate as a key factor that could lead to further interest rate cuts by the Bangko Sentral ng Pilipinas (BSP). According to the Philippine Statistics Authority, the nation’s headline inflation held steady at 2.9 percent, while core inflation, which…

    Written by

    Herminio Racelis

  • Philippine Statistics Authority Plans to Update Inflation and GDP Base Year to 2023

    The Philippine Statistics Authority (PSA) is set to revise the base year for calculating the consumer price index (CPI) and gross domestic product (GDP) from 2018 to 2023, according to National Statistician Dennis Mapa. This announcement was made during a briefing at the PSA’s office in Quezon City. The change is expected to be implemented…

    Written by

    Crispin Buenavista

  • Philippine Inflation Holds Steady at 2.9% in January Amid Rice Price Drop

    In January, the Philippines experienced a consistent inflation rate of 2.9%, mirroring the figure from December 2024. This stability comes as rice prices fell, counteracting rises in other food categories. The Philippine Statistics Authority reported a significant deflation in rice prices at -2.3%, the lowest since June 2020, which contributed to maintaining the overall inflation…

    Written by

    Fabian Apostol

  • DSWD Upholds Strict Criteria for AKAP Program Beneficiaries

    MANILA – The Department of Social Welfare and Development (DSWD) has reaffirmed its commitment to adhering to stringent eligibility criteria for identifying beneficiaries of the Ayuda sa Kapos ang Kita Program (AKAP). On Tuesday, the DSWD clarified that mere referrals from organizations, politicians, or other entities do not assure financial aid. Assistant Secretary Irene Dumlao,…

    Written by

    Thea Escobar

  • Philippine Agriculture Department Targets Lower Rice Prices Amid Food Security Emergency

    The Department of Agriculture (DA) in the Philippines has announced a strategic initiative to lower rice prices back to the levels seen in July 2023, as part of a food security emergency declaration. This move comes in response to a prolonged period of rice inflation that started in July 2023 and continued through November 2024,…

    Written by

    Manuel Castro

  • Escudero Endorses Food Security Emergency to Tackle Rising Rice Prices

    Senate President Francis Escudero has thrown his weight behind the Department of Agriculture’s proposal to declare a national food security emergency, highlighting the urgent need to reduce rice prices to combat inflation. In a message to journalists via Viber, Escudero stressed the importance of addressing the significant contribution of rice prices to the country’s inflation…

    Written by

    Jose Cruz

  • Senate President Escudero Endorses Food Security Emergency to Tackle Rising Rice Prices

    Senate President Francis Escudero has thrown his weight behind the Department of Agriculture’s proposal to declare a national food security emergency, highlighting the urgent need to reduce rice prices to combat inflation. In a statement sent via Viber to journalists, Escudero stressed the importance of addressing the significant contribution of rice prices to the country’s…

    Written by

    Juan Santos

  • President Marcos Calls for Further Study on Proposed PHP200 Daily Wage Increase

    President Ferdinand R. Marcos Jr. has emphasized the need for a thorough examination of the proposed PHP200 daily wage increase, responding to calls from some legislators to expedite the bill’s passage to improve the living standards of Filipino workers. Speaking in Pasay City, Marcos highlighted the role of the tripartite board in setting wage adjustments…

    Written by

    Bryan Farnacio

  • LTFRB Examines Proposed P15 Increase in Jeepney Fares

    The Land Transportation Franchising and Regulatory Board (LTFRB) is currently evaluating a proposal to raise the minimum fare for public utility jeepneys (PUJs) by PHP15. This initiative comes in response to a petition from various transport organizations, driven by escalating fuel prices and other operational costs. The LTFRB has emphasized that it is conducting a…

    Written by

    Clarissa Soriano