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News and Events

Inflation Remained at 9-Year High of 6.7% in October

Prices of alcoholic drinks and tobacco, food and non-alcoholic beverages rise the fastest

The Philippines’ headline inflation in October 2018 reached 6.7 percent, still the highest recorded in nine years. It maintained the same rate pegged in the previous month.The increase in prices in areas outside of Metro Manila also maintained the same pace at ...

by Pauline Macaraeg  | November 06, 2018 11:00:00
News and Events

PH Inflation Soars Highest in ASEAN as It Hits New 9-Year Peak of 6.7% in Sept.

Pace of consumer price increases slows in Metro Manila but accelerates in rest of the country

Inflation, or the average annual increase in consumer prices, rose to a fresh nine-year high of 6.7 percent in September from 6.4 percent in August, the Philippine Statistics Authority (PSA) announced on Friday, October 5.It now stands more than triple the average ...

by Pauline Macaraeg  | October 05, 2018 04:00:00
News and Events

BSP Just Raised its Policy Rate. Will It Also Increase the Cost of Your Credit Card Loans?

The central bank's efforts to fight rising inflation also mean higher bank lending rates

The Bangko Sentral ng Pilipinas (BSP) raised its policy rates anew by 50 basis points, bringing the overnight reverse repurchase (RRP) rates, the cost at which it borrows from banks for a day, to 4.5 percent starting September 28, Friday. This comes ...

by Pauline Macaraeg  | September 27, 2018 06:00:00
News and Events

(Look) How Rising Inflation Is Linked to Higher Levels of Poverty

Inflation surges may be temporary but they push more people into the ranks of the poor in the meantime

The headline inflation rate soared to 6.4 percent in August this year, the highest in more than nine years, prompting many Filipinos to start worrying if rising consumer prices will continue for long.Former President and now House Speaker Gloria Macapagal Arroyo, however, ...

by Pauline Macaraeg  | September 24, 2018 01:00:00
News and Events

After 2 Years of Optimism, Why Have Consumers Become Pessimistic Again?

The consumer confidence index turned positive only under Duterte. Is that about to change?

The overall consumer confidence index, a measure of Filipinos’ sentiment on how their households are faring financially and economically, fell to -7.1 in the third quarter of 2018 from 3.8 in the previous quarter, according to the Bangko Sentral ng Pilipinas (BSP).That’s ...

by Lorenzo Kyle Subido  | September 12, 2018 10:00:00
News and Events

(Look) Amid Rising Inflation, Guess Which Expense Item Costs Less This Year?

Officials initially thought the commodity's price index also went up; turned out it was down

It’s not all bad news when it comes to the country’s latest consumer price inflation, which surged to a near-decade high of 6.4 percent in August.Though most of the commodity groups that made up the consumer price index (CPI) went up, led ...

by Pauline Macaraeg  | September 11, 2018 01:00:00
News and Events

Rice, Corn or Noodles? Fish or Meat? What to Buy as Inflation Hits a Nine-Year High

Using variations in price increases as a guide for your next trip to the grocery or the mall

As inflation hit fresh highs in recent months in part due to lack of cheaper rice varieties sold by the government, the Department of Agriculture suggested consumers should consider shifting to corn, or a mixture of rice and corn, as staple food. ...

by Elyssa Christine Lopez  | September 07, 2018 05:00:00
News and Events

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

BSP Raises Interest Rates Over High Inflation

Analysts say BSP might further raise rates before the end of the year

The Bangko Sentral ng Pilipinas (BSP) raised interest rates by 50 basis points on Thursday, August 9, bringing the reverse repurchase (RRP) facility to four percent.The BSP had earlier raised the benchmark overnight lending rate by 25 basis points in each of ...

by Paul John Caña  | August 09, 2018 06:00:00
Run & Grow

Financial Adviser: 5 Surefire Ways to Protect Your Life Savings from Rising Inflation

There are ways to manage your savings to stay ahead of inflation

The Philippine Statistics Authority (PSA) recently reported that the national inflation rate has accelerated to 5.2 percent in June, the highest ever recorded since 2012.Inflation has been increasing at the start of the year from 3.4 percent in January to 4.6 percent ...

by Henry Ong  | July 17, 2018 09:00:00
News and Events

Which Investment Funds Are (Still) Posting Returns Above the 4.5% Inflation Rate?

The vast majority of funds are not rising as fast as consumer prices; here’s a list of the exceptional few that do

Rising inflation, or the faster pace of increase in consumer prices, is not only the enemy of consumers but is also the scourge of savers and investors.While higher inflation implies goods and services are costlier for consumers, it also erodes the value ...

by Pauline Macaraeg  | May 21, 2018 09:00:00
News and Events

No Wonder You’re Spending More: PH Inflation Jumps to 41-Month High of 3.9% in Feb

In Metro Manila, prices rose by 4.7%, due to higher costs of alcoholic drinks and tobacco

The Philippines’ newly rebased headline inflation rate soared to a 41-month high of 3.9 percent in February from 3.4 percent the previous month and 3.1 percent in February last year, according to the Philippine Statistics Authority (PSA).The inflation surge came in the ...

by Pauline Macaraeg  | March 06, 2018 01:00:00
News and Events

Why the Surge in Inflation Rate to a 39-Month High of 4% in January is Bad News for Your Savings

With interest yields below the inflation rate, your money could be worth less after you withdraw them from the bank

The Philippine headline inflation surged to a three-year high of four percent in January, up from the 3.3-percent growth last December. This is the highest since October 2014.“The uptrend was primarily due to the higher annual increment in the heavily-weighted food and ...

by Pauline Macaraeg  | February 08, 2018 10:00:00
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