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Proactive measures helped lower inflation in March – Recto
Finance Secretary Ralph G. Recto welcomed the sharp decline in the Philippines' inflation rate to 1.8 percent in March, the lowest since the pandemic, while assuring that the government will remain vigilant in its efforts to protect consumers' purchasing power.
March inflation slips to 1.8%, slowest since May 2020
Philippine inflation decelerated to 1.8 percent in March, its slowest pace since the 1.6 percent registered in May 2020 when the economic activities was challenged by the COVID-19 pandemic-related lockdowns. This decline, down from 2.1 percent in February, was largely driven by lower food prices, particularly rice, which saw a significant annual decrease.
Trump tariffs raise US, global economic uncertainty
The decision of President Donald Trump to set new global tariffs has forced economists to revise their economic forecasts, with many predicting slower growth and rising inflation.
PSA revises GDP growth for 2024
The Philippine Statistics Authority (PSA) has revised estimates for the country’s economic performance, covering both 2023 and 2024, with updates on quarterly and annual figures by industry and expenditure.
Electricity prices soar 95.5% in March, adding pressure on consumers amid supply strain
The average price of electricity sold at the Wholesale Electricity Spot Market (WESM) skyrocketed by 95.5 percent in March, signaling a strain on the Philippine energy market due to rising demand and tightening power supply.
