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Rice prices surging as inflation hits 3.7%

RICE prices again jumped to a level last seen when the country had to grapple with supply issues caused by export bans imposed by rice-producing nations, according to the latest data released by the Philippine Statistics Authority (PSA). In March 2024, rice inflation accelerated to 24.4 percent, the highest since…
Bangko Sentral Michael Edwards Dreamstime Arseniom Balisacan Aldar Darmaev Dreamstime Department Of Agriculture Development Budget Coordination Committee

Increase in real estate prices slowed as loans grew steadily

THE increase in real estate prices recorded a 6-month low in the fourth quarter of 2023, according to the Residential Real Estate Price Index (RREPI) released by the Bangko Sentral ng Pilipinas (BSP). The latest data showed real estate prices slowed to 6.5 percent in the fourth quarter of 2023.…
Metro Manila Philippines General Davao City Bangko Sentral Residential Real Estate Price Index Areas Outside

'Higher wage's impact: Rate hike, SME damage'

HIGH minimum wages could spur new rate hikes by the Bangko Sentral ng Pilipinas (BSP) and cause small and medium enterprises (SMEs) to close shop, according to local economists. In a statement, the Foundation for Economic Freedom (FEF) warned against passing a P100 national wage increase that could lead to…
Bangko Sentral Monetary Policy Senate Bill No National Capital Region Foundation For Economic Freedom Economic Freedom

Inflation slows to 2.8% in January, slowest since October 2020 - PSA

Commodity prices slowed to 2.8 percent in January, according to the latest inflation print released by the Philippine Statistics Authority (PSA). The inflation was the slowest since October 2020 when inflation averaged at 2.3 percent. Inflation in December 2023 was at 3.9 percent and 8.7 percent in January 2023. The…
Junpinzon Dreamstime National Capital Region Philippine Statistics Authority Areas Outside

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Real estate properties in PHL more expensive in Q2–BSP • Jasper Y. Arcalas

The Bangko Sentral ng Pilipinas’ (BSP) residential real estate price index in the second quarter rose by double digits to a seven and a half year high as prices of all types of housing units went up. The BSP’s index, which tracks the prices of residential housing units, reached 162.2 in the second quarter, 14.1
Bangko Sentral National Capital Region Areas Outside

PSA report: Growth rate of PPI for agri slows in Q2 • BusinessMirror

The annual growth of the Producer Price Index (PPI) for agriculture at the national level slowed in the second quarter, according to the Philippine Statistics Authority (PSA). In a report published last October 11, PSA said the annual growth rate of the PPI for agriculture reached 12 percent, slower than the 24.7 percent recorded in
Philippines General Camarines Sur Philippine Statistics Authority Areas Outside The National Capital Region Producer Price Index Areas Outside

Inflation posts 4-month high in September • Cai U. Ordinario

High rice prices pushed up inflation to a four-month high in September, according to the latest data released by the Philippine Statistics Authority (PSA). On Thursday, PSA said inflation averaged 6.1 percent in September 2023. Inflation was at 6.9 percent in September 2022 and 5.3 percent in August 2023. The inflation rate in September was
Metro Manila Philippines General Jun Pinzon Dreamstime Philippine Statistics Authority Areas Outside The National Capital Region Consumer Price Index

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