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Consumer Price Inflation Surges to 6.4% in August, Highest Since 2009

Rising prices of food, beverages as well as tobacco and alcoholic drinks drive inflation higher

The annual inflation rate, a measure of how fast consumer prices have risen in the past year, surged to 6.4 percent in August, the Philippine Statistics Authority (PSA) announced on September 5.That marks an increase from the 5.7-percent rate reported last July. ...

by Lorenzo Kyle Subido  | September 05, 2018 11:00:00
News and Events

Kick start your day, June 21: Duterte admin vows sharp drop in poverty rate by 2022

The incoming administration aims to reduce the country’s poverty rate to 16% by the end of President-elect Rodrigo Duterte’s term, his team reported.

The incoming administration aims to reduce the country’s poverty rate to 16% by the end of President-elect Rodrigo Duterte’s term, his team reported on Monday, June 20.“It’s not ambitious; we’re just achieving what the other guys did not,” incoming Finance Secretary Carlos ...

by Entrepreneur Staff  | June 21, 2016 08:00:00
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