Ut This Is Expected To Slow Down By 2023 With The Easing Of Supply Side Pressures It Cited Upside Risks Over Near Terms News Today : Breaking News, Live Updates & Top Stories | Vimarsana

File photo MANILA - The government reported Thursday that inflation rate rose to 4.9 percent in April, higher by 0.9 percentage points than the inflation rate in March. The Philippine Statistics Authority (PSA) said April inflation rate is the fastest since January 2019. "The increase in the country's inflation was mainly brought about by the higher annual increase in the index for food and non-alcoholic beverages at 3.8 percent; transport, 13 percent; and housing, water, electricity, gas, and other fuels, 6.9 percent," the PSA said. In a statement, the Bangko Sentral ng Pilipinas (BSP) said the pace of price increase of goods and services last month remains with its forecast range of 4.2 to 5 percent. "The inflation outturn is consistent with the BSP's assessment that inflation will remain elevated over the near term due to the continued volatility in global oil and non-oil prices, reflecting largely the continued impact of the conflict in Ukraine on global comm ....

Bangko Sentral , Philippine Statistics Authority , File Photo Manila The Government Reported Thursday That Inflation Rate Rose To 4 9 Percent In April , Igher By 0 9 Percentage Points Than The Inflation Rate In March Philippine Statistics Authority Psa Said April Is Fastest Since January 2019 Quot Increase Country 39s Was Mainly Brought About Higher Annual Index For Food And Non Alcoholic Beverages At 3 8 Percent Transport , 3 Percent And Housing , Nd Other Fuels , R 9 Percent , Uot The Psa Said Ina Statement , He Bangko Sentral Ng Pilipinas Bsp Said The Pace Of Price Increase Goods And Services Last Month Remains With Its Forecast Range 4 2 To 5 Percent Quot Inflation Outturn Is Consistent 39s Assessment That Will Remain Elevated Over Near Term Due Continued Volatility In Global Oil Non Prices , Eflecting Largely The Continued Impact Of Conflict In Ukraine On Global Commodities Market , Uot The Central Bank Said Bsp Added Inflation At End 2022 Will Settle Above Government 39s Target Range , Ut This Is Expected To Slow Down By 2023 With The Easing Of Supply Side Pressures It Cited Upside Risks Over Near Terms , Hich Include Shortage In Domestic Food Supply And From The Potential Impact Of Higher Oil Prices On Transport Fares Other Hand , Ownside Risks Include Lingering Threats Of Coronavirus Disease 2019 Covid 19 Pandemic As New Strains Continue To Emerge That Quot Could Temper The Global Economic Recovery And Prompt Reimposition Containment Measures Latest Assessment Also Indicates Domestic Activity Has Gained Stronger Traction With Easing Remaining Mobility Restrictions However , Eightened Geopolitical Tensions Anda Resurgence In Covid 19 Infections Some Countries Have Also Clouded The Outlook For Global Economic Growth Supply Chain Disruptions Could Contribute To Inflationary Pressures , Nd Thus Warrant Closer Monitoring To Enable Timely Intervention In Order Arrest Potential Second Round Effects , Uot Bsp Said Pna ,