PH INFLATION REMAINS STEADY; PRICE STABILITY TO SUPPORT ECONOMIC RECOVERY

May 05, 2020 The headline inflation rate for April 2020 was estimated at 2.2 percent, which reflects relatively stable prices for Filipino families. Inflation rates over the past three months show a continuous downtrend trend, consistently staying within the government’s target range of 2.0 to 4.0 percent. “The steady inflation outlook over the past several continue reading : PH INFLATION REMAINS STEADY; PRICE STABILITY TO SUPPORT ECONOMIC RECOVERY

STATEMENT OF THE NATIONAL ECONOMIC AND DEVELOPMENT AUTHORITY ON JUNE 2019 INFLATION

July 5, 2019 Inflation in June 2019 eased to its slowest pace in 22 months, but we still need to caution against upside risks, including weather-related shocks and uncertainties in the global oil market. The Philippine Statistics Authority reported today that the country’s headline inflation declined to 2.7 percent in June 2019 mainly due to continue reading : STATEMENT OF THE NATIONAL ECONOMIC AND DEVELOPMENT AUTHORITY ON JUNE 2019 INFLATION

JOINT STATEMENT ON FEBRUARY 2019 INFLATION BY THE ECONOMIC TEAM (NEDA-DOF-DBM)

March 5, 2019 We, the economic managers, are pleased by the report that the country’s inflation rate slid further to 3.8 percent in February as price levels start to normalize and settle back to the government’s target. This is appreciably lower than the 4.4 percent rate in January, which shows the government’s resolve coupled with continue reading : JOINT STATEMENT ON FEBRUARY 2019 INFLATION BY THE ECONOMIC TEAM (NEDA-DOF-DBM)

JOINT STATEMENT ON JANUARY 2019 INFLATION BY THE ECONOMIC TEAM (NEDA-DOF-DBM)

February 5, 2018 We, the economic managers, are glad to report that the country’s inflation rate in January further slowed down to 4.4 percent. This gives us an auspicious start in our efforts this year to keep inflation manageable and bring it back to the government’s target range of 2 to 4 percent for 2019. January’s inflation outturn continue reading : JOINT STATEMENT ON JANUARY 2019 INFLATION BY THE ECONOMIC TEAM (NEDA-DOF-DBM)

JOINT STATEMENT ON FULL-YEAR 2018 INFLATION FROM THE ECONOMIC TEAM (NEDA-DOF-DBM)

 January 4, 2019 We, the economic managers, welcome the news that the country’s inflation rate came to a seven-month low at 5.1 percent in December 2018 sharply down from November’s 6.0 percent. This signifies that the mitigating measures already in force are broadly effective. Slower price increases in food and non-alcoholic beverages and transportation continued continue reading : JOINT STATEMENT ON FULL-YEAR 2018 INFLATION FROM THE ECONOMIC TEAM (NEDA-DOF-DBM)

MORE SOURCES OF CHEAPER RICE WITH RICE TARIFFICATION- NEDA

January 09, 2019 MANILA—The immediate enactment into law of the rice tariffication bill is fundamental in the government’s efforts to stabilize food prices and overall inflation rate, the National Economic and Development Authority (NEDA) said. Reiterating the urgency of the bill’s signing into law, Socioeconomic Planning Secretary Ernesto M. Pernia said that through rice tariffication continue reading : MORE SOURCES OF CHEAPER RICE WITH RICE TARIFFICATION- NEDA

ECONOMIC MANAGERS’ JOINT STATEMENT ON THE NOVEMBER 2018 INFLATION

The economic managers are pleased to report that inflation rate has markedly slowed to 6.0 percent in November 2018, suggesting the efficacy of anti-inflationary measures taken by the government and pointing to continuing reduction going forward. Today, the Philippine Statistics Authority announced that year-on-year inflation eased to 6.0 percent in November from 6.7 percent in October 2018, the lowest rate since the 5.7 percent rate in July.  In fact, continue reading : ECONOMIC MANAGERS’ JOINT STATEMENT ON THE NOVEMBER 2018 INFLATION

ECONOMIC MANAGERS’ JOINT STATEMENT ON THE NOVEMBER 2018 INFLATION

The economic managers are pleased to report that inflation rate has markedly slowed to 6.0 percent in November 2018, suggesting the efficacy of anti-inflationary measures taken by the government and pointing to continuing reduction going forward. Today, the Philippine Statistics Authority announced that year-on-year inflation eased to 6.0 percent in November from 6.7 percent in continue reading : ECONOMIC MANAGERS’ JOINT STATEMENT ON THE NOVEMBER 2018 INFLATION

JOINT STATEMENT ON THE SEPTEMBER 2018 INFLATION BY THE ECONOMIC TEAM (NEDA-DOF-DBM)

We, the government’s Economic Team, understand that many are feeling the hit of a faster inflation rate, particularly those who toil so hard just to keep up. We assure everyone that we are working swiftly to temper the rise in the prices of goods and offer relief to those most affected. We remain committed to continue reading : JOINT STATEMENT ON THE SEPTEMBER 2018 INFLATION BY THE ECONOMIC TEAM (NEDA-DOF-DBM)

EDC SUBMITS EO TO REMOVE FOOD IMPORTATION BARRIERS TO ADDRESS INFLATION

September 13, 2018 MANILA—An Executive Order (EO) that will remove administrative and non-tariff barriers on the importation of food items to temper inflation has been submitted by the Economic Development Cluster (EDC) to the office of the President for implementation starting this month. Recommended to the President before Tuesday’s Cabinet meeting, the EO will zero continue reading : EDC SUBMITS EO TO REMOVE FOOD IMPORTATION BARRIERS TO ADDRESS INFLATION

JOINT STATEMENT OF THE ECONOMIC DEVELOPMENT CLUSTER ON AUGUST 2018 INFLATION

  September 05, 2018 The Philippine Statistics Authority (PSA) reported that the headline inflation rate accelerated to 6.4 percent year-on-year (YOY) in August 2018, faster than the previous month’s 5.7 percent and the 2.6 percent of the same period last year. This brings the year-to-date inflation to 4.8 percent, beyond the upper-band of the government’s continue reading : JOINT STATEMENT OF THE ECONOMIC DEVELOPMENT CLUSTER ON AUGUST 2018 INFLATION

DOF-NEDA-DBM Joint Statement on July 2018 Inflation Report

August 7, 2018 ADDRESS SUPPLY CONSTRAINTS TO TEMPER INFLATION –NEDA, DBM, DOF   MANILA— The Government’s Economic Team, composed of the  Department of Budget and Management (DBM), Department of Finance (DOF), and National Economic and Development Authority (NEDA), said stronger government measures, most especially in improving agriculture productivity and, in the short term, a strategic trade continue reading : DOF-NEDA-DBM Joint Statement on July 2018 Inflation Report

NEDA-DBM-DOF JOINT STATEMENT ON THE MAY 2018 INFLATION REPORT

June 5, 2018 JOINT STATEMENT ON THE MAY 2018 INFLATION REPORT We, the economic managers of the Duterte Administration, reiterate the government’s unwavering commitment to improve the lives of the Filipino people and bring lasting change to our country. The administration is steadfast in the conviction that we can build a prosperous, high-income economy with a predominantly middle-class society by 2040. Toward this continue reading : NEDA-DBM-DOF JOINT STATEMENT ON THE MAY 2018 INFLATION REPORT

NEDA considers TRAIN having little effect on inflation

March 01, 2018 MANILA — Officials of the National Economic and Development Authority (NEDA), Department of Finance (DOF), Bangko Sentral ng Pilipinas (BSP), and the country’s leading economists attending the meeting of the Senate Committee on Economic Affairs, led by Sen. Win Gatchalian, were in consensus that several factors have pushed inflation up in January, continue reading : NEDA considers TRAIN having little effect on inflation

FULL YEAR 2017 INFLATION WITHIN TARGET AT 3.2 PERCENT

January 5, 2018 The country ended 2017 with steady inflation performance at 3.2 percent, which is well within government’s target for the year, the National Economic and Development Authority (NEDA) said. Based on a report of the Philippine Statistics Authority (PSA), headline inflation rate for December 2017 remained at 3.3 percent, similar to that of continue reading : FULL YEAR 2017 INFLATION WITHIN TARGET AT 3.2 PERCENT