Tagged: Inflation

The National Economic and Development Authority (NEDA) assures the public that the government remains steadfast in supporting the most vulnerable sectors amidst the recent uptick in inflation, reaching 6.1 percent in September 2023, as...

The country’s inflation slowed down for the sixth consecutive month to 4.7 percent in July 2023, registering its lowest rate since March 2022, according to the National Economic and Development Authority (NEDA). According to...

The Philippine Statistics Authority reported today that the country’s headline inflation rate accelerated to 4.2 percent in January 2021, from 3.5 percent in the previous month. This is the fastest inflation rate in two years since the 4.4 percent inflation recorded in January 2019. Despite the higher inflation rate in January, the National Economic and Development Authority (NEDA) said that the inflation target for this year remains unchanged at 2 to 4 percent. 

The country’s inflation continued to settle within target in October 2020, though upside risks such as the adverse impact of inclement weather and the lingering presence of the African Swine Fever (ASF) remain, the National Economic and Development Authority (NEDA) said.

The overall inflation rate recorded in September 2020 remains low and stable, but some upside risks remain, the National Economic and Development Authority (NEDA) said.

We, the economic managers, are pleased by the report that the country’s inflation rate slid further to 3.8 percent in February as price levels start to normalize and settle back to the government’s target. This is appreciably lower than the 4.4 percent rate in January, which shows the government’s resolve coupled with the appropriate measures to rein in inflation.