The increase in commodity prices is expected to exceed 7 percent in September, according to the Bangko Sentral ng Pilipinas (BSP) in its month-ahead inflation forecast. Know more:
THE increase in commodity prices is expected to exceed 7 percent in September, according to the Bangko Sentral ng Pilipinas in its month-ahead inflation forecast.
In August, inflation slowed to 6.3 percent from the 6.4 percent posted in July . The Philippine Statistics Authority will release the latest inflation data next week. “Looking ahead, the BSP will continue to monitor very closely emerging price developments to enable timely intervention to prevent the further broadening of price pressures, in accordance with the BSP’s price stability mandate,” it added.
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.
‘Karding’ splits demand for food, personal care items in sari-sari stores–Packworks - BusinessMirrorDEMAND for food and personal care items sold in sari-sari stores is expected to increase in areas recently battered by typhoon “Karding” (international code name: Noru), but priorities of consumers will change depending on available supplies, according to a data analytics platform provider. “We will likely see spikes and shifts in the coming weeks as
Read more »
August ‘hot money’ outflows lowest in 3 months - BusinessWorld OnlineSHORT-TERM foreign investment outflows slowed in August, as the Bangko Sentral ng Pilipinas (BSP) and central banks globally further increased borrowing costs. READ
Read more »
Traders seek low pork duty for 5 years - BusinessWorld OnlineMEAT TRADERS asked Philippine President Ferdinand R. Marcos, Jr. to cut the tariff on imported pork for the next five years to ensure food security and cool inflation. READ
Read more »
Half of world's birds in decline – reportALMOST half of all bird species are in decline globally and one in eight are threatened with extinction, according to a major new report warning that human actions are driving more species to the brink and nature is 'in trouble.'
Read more »
DepEd needs over P1B to repair 165 ‘Karding’-damaged schools - BusinessMirrorOver 165 schools were totally damaged by typhoon “Karding” with an estimated amount of over P1 billion for structural reconstruction or rehabilitation, an official of the Department of Education (DepEd) said. 'Ang nakikita nating estimated cost for reconstruction or rehabilitation ng 165 schools na ‘to ay P1.17 billion [The estimated cost for reconstruction or rehabilitation
Read more »