Food inflation moderates in May IMPACT OF PORK TARIFF REDUCTION AND MAV INCREASE TO BE SEEN IN JUNE 2021 – NEDA June 4, 2021 The temporary reduction in tariffs and the increase in the minimum access volume (MAV) for pork, implemented in mid-May, is expected to bring in benefits starting June 2021, said the National continue reading : IMPACT OF PORK TARIFF REDUCTION AND MAV INCREASE TO BE SEEN IN JUNE 2021 – NEDA
INCREASED PORK IMPORTATION URGENTLY NEEDED TO TEMPER RISING MEAT INFLATION – NEDA
May 5, 2021 The temporary reduction of pork tariffs and the increase of the minimum access volume (MAV) for imported pork are essential to immediately curb the rising pork inflation for the benefit of some 100 million Filipinos, the National Economic and Development Authority said. The Philippine Statistics Authority (PSA) reported that the country’s headline continue reading : INCREASED PORK IMPORTATION URGENTLY NEEDED TO TEMPER RISING MEAT INFLATION – NEDA
GOV’T ENSURES SUPPLY, PRICE STABILITY OF GOODS IN ECQ – NEDA
April 6, 2021 The government is committed to stabilizing prices by augmenting food supply and ensuring that the supply chains of goods, especially food, will be unhampered during the enhanced community quarantine (ECQ) period, said the National Economic and Development Authority. The Philippine Statistics Authority reported today that the country’s headline inflation rate fell to continue reading : GOV’T ENSURES SUPPLY, PRICE STABILITY OF GOODS IN ECQ – NEDA
GOV’T INTENSIFIES EFFORTS TO ADDRESS INFLATION – NEDA
March 5, 2021 While the inflation rate increased from 4.2 percent in January to 4.7 percent in February 2021, the inflation target remains at 2 to 4 percent as the government intensifies efforts to address higher food prices, said the National Economic and Development Authority (NEDA). The faster inflation in February 2021 was mainly driven continue reading : GOV’T INTENSIFIES EFFORTS TO ADDRESS INFLATION – NEDA
RECENT TYPHOONS AND TRANSPORT RESTRICTIONS POSE UPWARD INFLATION PRESSURES – NEDA
DECEMBER 4, 2020 – Transport services, as well as agricultural products such as meat and vegetables, are the top contributors to November 2020 inflation. This is due to the restrictions on public transport as a result of COVID-19, persistence of African Swine Fever, and damage and losses in high value crops following the onslaught of continue reading : RECENT TYPHOONS AND TRANSPORT RESTRICTIONS POSE UPWARD INFLATION PRESSURES – NEDA
NEDA: DIGITAL TECHNOLOGY AND SUPPORTING THE AGRICULTURE VALUE CHAIN KEY TO STABLE PRICES AMID THE PANDEMIC
July 7, 2020 Ensuring price stability through greater use of technology and supporting the agriculture value chain is necessary to help build consumer confidence and support the gradual recovery of the domestic economy, the National Economic and Development Authority said. The Philippine Statistics Authority (PSA) reported today that the country’s headline inflation accelerated to 2.5 continue reading : NEDA: DIGITAL TECHNOLOGY AND SUPPORTING THE AGRICULTURE VALUE CHAIN KEY TO STABLE PRICES AMID THE PANDEMIC
PH INFLATION REMAINS STEADY; PRICE STABILITY TO SUPPORT ECONOMIC RECOVERY
May 05, 2020 The headline inflation rate for April 2020 was estimated at 2.2 percent, which reflects relatively stable prices for Filipino families. Inflation rates over the past three months show a continuous downtrend trend, consistently staying within the government’s target range of 2.0 to 4.0 percent. “The steady inflation outlook over the past several continue reading : PH INFLATION REMAINS STEADY; PRICE STABILITY TO SUPPORT ECONOMIC RECOVERY
STATEMENT OF THE NATIONAL ECONOMIC AND DEVELOPMENT AUTHORITY ON JUNE 2019 INFLATION
July 5, 2019 Inflation in June 2019 eased to its slowest pace in 22 months, but we still need to caution against upside risks, including weather-related shocks and uncertainties in the global oil market. The Philippine Statistics Authority reported today that the country’s headline inflation declined to 2.7 percent in June 2019 mainly due to continue reading : STATEMENT OF THE NATIONAL ECONOMIC AND DEVELOPMENT AUTHORITY ON JUNE 2019 INFLATION
JOINT STATEMENT ON FEBRUARY 2019 INFLATION BY THE ECONOMIC TEAM (NEDA-DOF-DBM)
March 5, 2019 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 continue reading : JOINT STATEMENT ON FEBRUARY 2019 INFLATION BY THE ECONOMIC TEAM (NEDA-DOF-DBM)
JOINT STATEMENT ON JANUARY 2019 INFLATION BY THE ECONOMIC TEAM (NEDA-DOF-DBM)
February 5, 2018 We, the economic managers, are glad to report that the country’s inflation rate in January further slowed down to 4.4 percent. This gives us an auspicious start in our efforts this year to keep inflation manageable and bring it back to the government’s target range of 2 to 4 percent for 2019. January’s inflation outturn continue reading : JOINT STATEMENT ON JANUARY 2019 INFLATION BY THE ECONOMIC TEAM (NEDA-DOF-DBM)
JOINT STATEMENT ON FULL-YEAR 2018 INFLATION FROM THE ECONOMIC TEAM (NEDA-DOF-DBM)
January 4, 2019 We, the economic managers, welcome the news that the country’s inflation rate came to a seven-month low at 5.1 percent in December 2018 sharply down from November’s 6.0 percent. This signifies that the mitigating measures already in force are broadly effective. Slower price increases in food and non-alcoholic beverages and transportation continued continue reading : JOINT STATEMENT ON FULL-YEAR 2018 INFLATION FROM THE ECONOMIC TEAM (NEDA-DOF-DBM)
MORE SOURCES OF CHEAPER RICE WITH RICE TARIFFICATION- NEDA
January 09, 2019 MANILA—The immediate enactment into law of the rice tariffication bill is fundamental in the government’s efforts to stabilize food prices and overall inflation rate, the National Economic and Development Authority (NEDA) said. Reiterating the urgency of the bill’s signing into law, Socioeconomic Planning Secretary Ernesto M. Pernia said that through rice tariffication continue reading : MORE SOURCES OF CHEAPER RICE WITH RICE TARIFFICATION- NEDA
ECONOMIC MANAGERS’ JOINT STATEMENT ON THE NOVEMBER 2018 INFLATION
The economic managers are pleased to report that inflation rate has markedly slowed to 6.0 percent in November 2018, suggesting the efficacy of anti-inflationary measures taken by the government and pointing to continuing reduction going forward. Today, the Philippine Statistics Authority announced that year-on-year inflation eased to 6.0 percent in November from 6.7 percent in October 2018, the lowest rate since the 5.7 percent rate in July. In fact, continue reading : ECONOMIC MANAGERS’ JOINT STATEMENT ON THE NOVEMBER 2018 INFLATION
ECONOMIC MANAGERS’ JOINT STATEMENT ON THE NOVEMBER 2018 INFLATION
The economic managers are pleased to report that inflation rate has markedly slowed to 6.0 percent in November 2018, suggesting the efficacy of anti-inflationary measures taken by the government and pointing to continuing reduction going forward. Today, the Philippine Statistics Authority announced that year-on-year inflation eased to 6.0 percent in November from 6.7 percent in continue reading : ECONOMIC MANAGERS’ JOINT STATEMENT ON THE NOVEMBER 2018 INFLATION
JOINT STATEMENT ON THE SEPTEMBER 2018 INFLATION BY THE ECONOMIC TEAM (NEDA-DOF-DBM)
We, the government’s Economic Team, understand that many are feeling the hit of a faster inflation rate, particularly those who toil so hard just to keep up. We assure everyone that we are working swiftly to temper the rise in the prices of goods and offer relief to those most affected. We remain committed to continue reading : JOINT STATEMENT ON THE SEPTEMBER 2018 INFLATION BY THE ECONOMIC TEAM (NEDA-DOF-DBM)
