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Bangko Sentral sees quicker inflation in January as food prices spike

ABS-CBN News
Posted at Jan 29 04:09 PM

 The Bangko Sentral ng Pilipinas on Friday said inflation was likely to hit 3.7 percent this January, settling within the 3.3 percent to 4.1 percent range.   Read more »

PH agricultural output down 3.8 pct in Q4, down 1.2 pct in 2020

Nika Lazo, ABS-CBN News
Updated as of Jan 27 05:58 PM

Philippine agricultural output fell in the fourth quarter of 2020, with farm output down 3.8 percent from the 0.1 percent dip in the same quarter a year ago. Read more »

UK retailers report biggest annual price falls since May

Reuters
Posted at Jan 27 11:25 AM

British retailers reported the biggest annual fall in prices since May this month, adding to signs of pressure on the sector since non-essential stores had to close to the public from Jan. 5 as part of renewed COVID lockdown measures. Read more »

Agri bats for new price ceilings as hog, poultry raisers cry foul

ABS-CBN News
Posted at Jan 25 05:25 PM

The Department of Agriculture on Monday said it will seek new price limits on pork and chicken meat to address the price hikes caused by the African swine fever outbreak. Read more »

Bangko Sentral sees inflation staying benign, to keep rates low

ABS-CBN News
Posted at Jan 21 05:23 PM

The Bangko Sentral ng Pilipinas said Thursday it expects inflation to remain "benign" this year allowing it to keep interest rates low to help economic recovery.  Read more »

DTI to run after SRP violators, greenlights pork imports in Feb amid shortage

Nika Lazo, ABS-CBN News
Updated as of Jan 19 08:53 PM

Trade Secretary Ramon Lopez said in a press briefing hosted by the Department of Agriculture on Tuesday that the DTI and DA are running after vendors who violate SRPs and cause "unjustified hikes" in food prices. Read more »

Pork, chicken prices rise as supplies fall in Luzon

April Rafales, ABS-CBN News
Updated as of Jan 07 06:34 PM

Pork prices continue to rise as African swine fever (ASF) decimates hog populations across Luzon, while chicken prices have also gone up as supplies dwindled with many poultry farms having gone bankrupt last year. Read more »

Pricier Noche Buena looms due to truck ban, last minute shopping

ABS-CBN News
Updated as of Dec 11 11:15 AM

MANILA - Last minute shopping and the return of the Metro Manila truck ban could lead to pricier Noche Buena items before Christmas, a local supermarkets association said Friday.  Read more »

Inflation accelerates to 2.5 percent in October, fastest in 3 months

ABS-CBN News
Updated as of Nov 05 11:33 AM

Philippine inflation quickened in October driven by higher food and non-alcoholic beverage prices, according to official government data released on Thursday. Read more »

'Aanhin pa ang damo?': Rice farmers call for scrapping of Rice Tariffication Law

Bruce Rodriguez, ABS-CBN News
Posted at Oct 13 07:34 PM

Rice farmer groups on Monday said they are looking to gather 1 million signatures to support their call to scrap the Rice Tariffication Law which they said has caused hardships for local rice growers. Read more »

September inflation likely within 1.8 to 2.6 percent range: BSP think tank

ABS-CBN News
Posted at Sep 30 04:56 PM

Inflation in September could settle within the 1.8 to 2.6 percent range, the Bangko Sentral ng Pilipinas' Department of Economic Research said Wednesday.    Read more »

August inflation likely within 2.5 to 3.3 percent range: BSP think tank

ABS-CBN News
Posted at Aug 28 02:41 PM

Inflation in August will likely settle within the 2.5 to 3.3 percent range, the Bangko Sentral ng Pilipinas' Department of Economic Research said on Friday.  Read more »

Gov’t seeks to preempt effects of weather disturbances on inflation

ABS-CBN News
Posted at Jul 05 06:52 PM

MANILA – The National Economic and Development Authority (NEDA) on Friday said the government would continue to implement “preemptive measures” to mitigate effects of weather disturbances on inflation. Read more »