Tag: inflation
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US Fed holds rates, awaits impact of policy changes
The US Federal Reserve decided on Wednesday to keep its benchmark interest rates unchanged, as it awaits new developments that could reshape the economic outlook and inflation trajectory.
Lower rice, tomato prices may slow inflation in March
Lower food prices in February contributed to a drop in inflation to 2.1 percent for the month. This was slower than both central bank and market forecasts, and marked a significant decline from 2.9 percent in January.
February inflation offers relief to lower-income households
Finance Secretary Ralph G. Recto hailed the significant drop in inflation to 2.1 percent in February, marking the lowest rate since October 2024. He said the reduction provides vital relief to lower-income families, particularly on food prices. The bottom 30 percent income group's inflation rate fell to 1.5 percent, further easing the financial strain on vulnerable sectors.
Speaker Romualdez calls slower Feb inflation ‘great news’
House Speaker Ferdinand Martin G. Romualdez welcomed the unexpected deceleration in February inflation, calling it “great news for every Filipino family.” Inflation slowed to 2.1% in February, below the lower end of the central bank’s 2.2%-3.0% forecast, a sign the economic policies of the Marcos administration are working. “This proves that President Ferdinand R. Marcos Jr.’s economic team is getting the job done,” he said. Romualdez said the administration is unwavering in its focus on stabilizing prices, ensuring food security, and protecting the purchasing power of Filipinos. The House of Representatives is fully supporting these efforts by passing laws to lower food costs, stabilize energy prices, and create more jobs. “The past few years have been tough, but numbers don’t lie—our economy is getting stronger,” Romualdez added. “This is the result of sound leadership, strong policies, and the resilience of the Filipino people.”
February inflation defies consensus at only 2.1 percent
Inflation in the Philippines for February defied expectations, slowing to a lower-than-anticipated 2.1 percent, according to the Philippine Statistics Authority (PSA). This marked a significant drop from January’s 2.9 percent and was below the Bangko Sentral ng Pilipinas’ (BSP) forecast range of 2.2 percent to 3 percent.
