Inflation or the rate of increase in the prices of goods and services continued its uptrend in May marking a fresh three-year high on the back of faster spike commodity prices, the Philippine Statistics Authority reported on Tuesday.
A worker arranges trays of eggs at a store in Blumentritt Market in Sta. Cruz, Manila on Tuesday, May 31, 2022. Inflation increased to 5.4% in May 2022, the Philippine Statistics Authority says on Tuesday, June 7, 2022. DANNY PATA/File photo
At a press briefing, PSA chief and National Statistician Claire Dennis Mapa reported that inflation clocked in at 5.4% last month, faster than theThis is also the fastest since December 2018, when inflation was recorded at 5.2%.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
May inflation likely surged past 5% - BusinessWorld OnlineA BusinessWorld poll of 16 analysts yielded a median estimate of 5.4% for May inflation, matching the midpoint of the 5-5.8% forecast by the Bangko Sentral ng Pilipinas (BSP). READ:
Read more »
The danger lingers: Phreatic eruption may drive succeeding explosions at Bulusan Volcano – expertThe phreatic eruption that occurred in Bulusan Volcano may trigger succeeding explosions, an official of the Philippine Institute of Volcanology and Seismology (Phivolcs) warned.
Read more »
Decline in sugar output drives up wholesale, retail prices in May–report | Jasper Y. ArcalasThe country’s raw sugar production as of May 22 declined by 14.55 percent to 1.765 MMT from the 2.065 MMT recorded a year ago, data from the Sugar Regulatory Administration (SRA) showed. SRA projected that the country’s total sugar output in the current crop year would be at 1.982 MMT,…
Read more »
Peso may drop further versus the greenback - BusinessWorld OnlineThe local unit closed at P52.86 per dollar on Friday, losing six centavos from its P52.80 finish on Friday, based on Bankers Association of the Philippines data. READ:
Read more »