Palace credits reopening of economy for easing of August 2020 inflation
“The Palace considers the easing of the August 2020 inflation to 2.4 percent a positive development,” Palace spokesman Harry Roque said in a statement.
Inflation accelerates to 2.7% in July
The Philippine Statistics Authority (PSA) reported a higher inflation rate of 2.7 percent for July 2020, from June’s 2.5 percent, as the economic crunch due to the pandemic bore down on transport costs.
Inflation ‘limited’ to 2.5% in June as coronavirus lockdowns take toll on economy
Consumer inflation stood at 2.5 percent in June 2020, up after four consecutive months of deceleration, the Philippine Statistics Authority (PSA) reported.
Consumer price hikes slow to 2.1 percent in May; interest rate cut expected
Inflation, or the rate of increase in the prices of consumer goods and services, slowed further to 2.1 percent in May, a development that could lead to a further cut in interest rates to revive the economy.
High-impact projects, critical reforms needed to sustain PH growth — World Bank
Despite continuing global uncertainties, the Philippine economy remains strong and is expected to grow by 5.8 percent this year and 6.0 percent in 2020 and 2021, according to the Philippines Economic Update released by the World Bank.