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In April 2022, the Philippines recorded 6.1% inflation, its highest since October 2018. The Philippine Statistics Authority forecasted that the number would most likely be higher in the following months. President Bongbong Marcos claimed that the record inflation rate was "not that high". [227] On January 5, 2023, the Philippines rapidly ...
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 Monetary Board of the Philippines announced a target of around 4±1 percent from 2012 to 2014. [14]
This is an accepted version of this page This is the latest accepted revision, reviewed on 16 February 2025. ← 2017 2016 2015 2018 in the Philippines → 2019 2020 2021 Decades: 1990s 2000s 2010s 2020s See also: List of years in the Philippines films music television sports 2018 in the Philippines details events of note that happened in the Philippines in 2018. Incumbents For the current ...
(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 ...
On a "core" basis, which strips out the food and energy prices, inflation is expected to have risen 3.7% year over year, a slowdown from the 3.8% increase seen in February.
After increasing the target interest rate 11 times from March 2022 to July 2023 in an effort to combat the highest inflation in four decades coming out of the pandemic, the Federal Reserve ...
The Supreme Court releases its ruling dated November 13, 2023, declaring that the estate of former President Ferdinand Marcos presently administered by President Bongbong Marcos has no ownership rights over a 57.68-hectare (142.5-acre) property in Paoay, Ilocos Norte by declaring the 25-year lease contract between the former president and the ...
One key issue is a sentence the Fed added to its statement after its last meeting May 1: It said “there has been a lack of further progress" in bringing inflation back to the central bank's 2% ...