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Gov't ready to address inflationary pressures: NEDA - Vimarsana News

Gov't ready to address inflationary pressures: NEDA

Published: April 5, 2022

Socioeconomic Planning Secretary Karl Kendrick Chua (File photo) MANILA - The government has taken steps to address the inflationary pressures brought about by the Russia-Ukraine conflict, the National Economic and Development Authority (NEDA) said. The Philippine Statistics Authority reported Tuesday that headline inflation increased to 4 percent in March 2022 from 3 percent in the previous month. The reported inflation rate is in line with the median analyst forecast of 4 percent and is within the Bangko Sentral ng Pilipinas' forecast range of 3.3 to 4.1 percent. The year-to-date inflati...

Source: philippinetimes.com
Related Topics:
Pantawid PasadaBangko SentralKarl Kendrick ChuaEconomic Development ClusterLivestock DevelopmentNational EconomicPhilippine Statistics AuthorityNational Meat Inspection ServiceDevelopment AuthorityPlanning Secretary Karl Kendrick ChuaCompetitiveness LawRegistry SystemBasic SectorsSocioeconomic Planning Secretary Karl Kendrick Chua File Photo Manila The Government Has Taken Steps To Address Inflationary Pressures Brought About By Russia Ukraine ConflictHe National Economic And Development Authority Neda Said The Philippine Statistics Reported Tuesday That Headline Inflation Increased To 4 Percent In March 2022 From 3 Previous Month Rate Is Line With Median Analyst Forecast Of Within Bangko Sentral Ng Pilipinas 39 Range 1 Year Date Also Remains 2 Target For Quot We Have Been Proactively Monitoring Impact Russia Ukraine Conflict As Early 7He Economic Development Cluster Edc Has Already Proposed Interventions To Manage The Impact On Economy And PeopleUot Socioeconomic Planning Secretary Karl Kendrick Chua Said Higher Inflation Rates For Both Food And Non Commodity Groups Resulted In Faster March 2022 Increased To 2 8 Percent From 1 February NotablyOrn Inflation Remained High At 31 3 Percent In March 2022 As Global Conflicts Further Constrained The World Corn Supply Increases Rates For Flour And BreadNd Sugar Also Contributed To The Faster Food Inflation MeanwhileOn Food Inflation Rose To 5 Percent In March 2022 From 4 1 The Previous MonthOstly Due To Elevated Oil Prices Transport Inflation Also Increased 10 3 Percent From 8 The Edc 39s Policy Interventions Manage Supply And Of Key Commodities Include Expanding Reducing Pork By Extending Lower Tariff 15 In Quota 25 Out With Minimum Access Volume 200000 Metric Tons Until December 2022 Accelerating The Release Of Imported Pork From Cold Storages Passing Proposed Livestock Development And Competitiveness Law Pursuing Value Chain Reform To Address Rising Corn Feeds Prices Sanitary Phytosanitary Import Clearance National Meat Inspection Service 39s Storage Warehouses Push Up Chicken InventoryNd Removing All Non Tariff Barriers AdditionallyVer 158000 Corn Farmers And Fisherfolk Registered Under The Registry System For Basic Sectors In Agriculture Are Also Set To Receive Php3