Rice inflation rate slowed down in May 2024 — PSA
MANILA, Philippines — The Philippine Statistics Authority (PSA) reported a slow growth in rice inflation between April and May 2024, as well as a slight decrease in its retail prices.
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Rice inflation rate slowed down in May 2024
MANILA, Philippines — The Philippine Statistics Authority (PSA) reported a slow growth in rice inflation between April and May 2024, as well as a slight decrease in its retail prices.
Inflation climbs to 3.9% in May due to higher transpo, electricity prices
MANILA, Philippines — The country's inflation rate rose to 3.9% in May 2024 due to increased transportation and electricity costs, according to the Philippine Statistics Authority (PSA).
Inflation tumulin patungong 3.9% dahil sa presyo ng kuryente, transpo | Pilipino Star Ngayon
MANILA, Philippines — Itinulak ng mas mabilis na pagtaas ng presyo ng kuryente at transportasyon ang inflation rate nitong Mayo ayon sa Philippine Statistics Authority (PSA), ito habang napapansin ang "downward trend" pagdating sa pagkain.
EDITORIAL — More rice importation
With rice prices refusing to go down and even likely to further increase in the coming months, President Marcos will soon issue an executive order reducing the tariff on rice imports from 35 percent to just 15 percent until the end of his term in 2028. This comes on the heels of the final approval by the House of Representatives of a bill that seeks to restore the power of the National Food Authority to import rice during emergency situations.
NEDA board reduces rice tariffs from 35% to 15%
MANILA, Philippines — The National Economic and Development Authority (NEDA) announced that its board has agreed to reduce rice tariffs to 15% for in-quota and out-quota rates until 2028.
Asian markets in reverse as US data spark economy worries
HONG KONG, China — Asian markets fell Tuesday as traders were spooked by signs of weakness in the US economy, even as the data boosted hopes the Federal Reserve will cut interest rates this year.
BSP projects May 2024 inflation between 3.7% to 4.5%
MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) projects that the country's inflation rate for May 2024 will fall within the range of 3.7% to 4.5%.