The rate of growth in prices of goods and services commonly purchased by households may have slowed down yet again in June to somewhere in the range of 5.3 percent to 6.1 percent, according to the Bangko Sentral ng Pilipinas. | RonWDomingoINQ
“The lower prices of meat and fruits as well as the rollback in LPG prices could contribute to downward price pressures during the month,” the BSP said in a statement.
However, higher prices of key food items, such as rice, vegetables, and fish, along with the increase of domestic oil prices and electricity rates as well as the depreciation of the peso are the primary sources of upward price pressures in June.READ:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BSP unwinding relief for MSMEs by July 1 | Cai U. OrdinarioTHE Bangko Sentral ng Pilipinas (BSP) will be unwinding the temporary regulatory relief measure allowing banks to utilize peso-denominated loans to micro-, small- and medium- enterprises (MSMEs) and large enterprises (LEs). The measure, which was critical during the Covid-19 pandemic as alternative compliance with the reserve requirements (RR), will no…
Read more »
BSP data: Net ‘hot money’ outflows continued for fourth straight month in MayRegistered foreign investments with the Bangko Sentral ng Pilipinas (BSP) or “hot money” posted net outflows for the fourth straight month in May, albeit lower than the previous month, data released Thursday showed.
Read more »
Inflation up in German states, pointing to national riseBERLIN - Inflation rose in five economically important German states in the month of June, preliminary data showed on Thursday, suggesting a bumpy road ahead for German inflation. The inflation
Read more »
Feast of Saints Peter and Paul on June 29The Roman Catholic Church will commemorate on Thursday, June 29, the joint feast day of the Pillars of the Catholic Church, Saints Peter and Paul, which is traditionally celebrated as Pope’s Day. | ManilaBulletin READ:
Read more »
BAM e-sports registration for Cebu leg ends June 29CEBU, Philippines – The BAM e-sports tournament will hold its Cebu leg this week-end following a successful swing in Cagayan de Oro City. Hundreds of Cebuano Mobile Legend players have already registered for ... CDNDigital
Read more »
3 Filipinos pardoned by UAE may return to PH within June — DFA officialThree convicted Filipinos who were pardoned by government of UAE are expected to return to the Philippines within one month or less, an official of Department of Foreign Affairs reported. | JMangaluzINQ
Read more »