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The Philippines formally adopted Inflation Targeting as the framework for Monetary Policy in January 2002. The Philippines’ inflation target is measured through the Consumer Price Index (CPI). For 2009, inflation target has been set to be 3.5 percent, having a 1% tolerance level, and 4.5 percent for 2010, also having 1% tolerance. Also, the ...
The inflation rate worsened the impacts of the government's new tax policy, increasing the price of all goods in the country. [25] In September 2018, the inflation rate of the country further increased to 6.7%, its highest in a decade. [26] [27] President Duterte blamed American president Donald Trump for the inflation increase. [28]
(Bloomberg) -- Philippine President Ferdinand Marcos Jr. said inflation is “running rampant and out of control” after data showed price increases quickened to a 14-year high in November.Most ...
The inflation rate in June—which exceeded both government and market expectations—was the fastest pace in at least five years. Year-to-date, inflation averaged 4.3 percent, above the BSP's 2–4 percent target range." [9] According to the PSA, headline inflation "peaked at 5.2 percent for the same month. For the previous months, inflation ...
The Philippines announced price ceilings for rice on Friday to protect consumers, as the rising cost of the national staple probably caused August inflation to accelerate for the first time in ...
No. Title / Description Date signed Ref. 1 Abolishing the Presidential Anti Corruption Commission and the Office of the Cabinet Secretary.: June 30, 2022 [1]2 Reorganizing and Renaming the Presidential Communications Operations Office and its Attached Agencies into the Office of the Press Secretary, Abolishing the Office of the Presidential Spokesperson, and for Other Purposes
The national consumer price index rose 6.2 percent from October 2020 to October 2021. That's the largest 12-month increase since 1990, according to the Bureau of Labor Statistics.
Reorganizing the Cabinet Clusters System by Integrating Good Governance and Anti-Corruption in the Policy Frameworks of All Clusters and Creating the Infrastructure Cluster and Participatory Governance Cluster May 16, 2017 [24] 25 Changing the Name of "Benham Rise" to "Philippine Rise" and for Other Purposes [25] 26