Here are the top stories for Friday, November 4, 2022.
The rate of increase in consumer prices accelerated further in October 2022, hitting its fastest pace in nearly 14 years, due mainly to higher food costs. The 7.7-percent inflation rate was also significantly faster than the 6.9 percent in September.
An update on the plight of the victims of severe tropical storm Paeng showed one million individuals stills languishing in temporary shelters. Find out when cases will be formally filed in connection with the death of broadcaster Percy Lapid and the alleged middleman in the murder. This could include the masterminds in the brazen slay.
TRAGIC FIRE – Emergency responders try to negotiate a narrow Tanigue Street in Navotas where a fire hit a residence where at least six people reportedly died on Friday, Nov. 4, 2022.
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Inflation surges to 7.7% in Oct – PSA - BusinessMirrorExpensive food items pushed the country's inflation to its highest level since the rice price crisis and may continue doing so this month, according to the Philippine Statistics Authority (PSA). PSA data showed inflation reached 7.7 percent in October, the highest since December 2008 when inflation hit 7.8 percent, which also coincided with the onset
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Inflation surges to near 14 year-high in October - BusinessWorld OnlineBy Keisha B. Ta-asan, Reporter Annual inflation quickened to its fastest pace in almost 14 years in October, as food prices soared due to the impact of recent typhoons, the Philippine Statistics Authority (PSA) said. Preliminary PSA data showed headline inflation accelerated to 7.7% in October, from 6.9% in September and 4% in October 2021. […]
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BSP open to matching more Fed hikes to tame inflation - BusinessWorld OnlineThe Philippines central bank may keep on matching the Federal Reserve’s next rate increases should domestic inflation continue to quicken, according to Governor Felipe M. Medalla. “If the inflation rate remains high, then we have to match” the Fed, Mr. Medalla said in an interview with Bloomberg Television’s David Ingles and Yvonne Man Friday. “If […]
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