< List

INFLATION CONTINUES IN THE COUNTRY FOR THREE CONSECUTIVE MONTHS

ImHenyo Writer
M
Jessica
2024.05.08
Likes 3
Views491
Comments 0

April inflation surprises at 3.8%

Straight month of inflation in the Philippines (Photo courtesy of Grig Montegrande/Inquirer)

 

For the third consecutive month of accelerating inflation or an increase in goods and services in the country, April inflation reached 3.8% where the transportation and food sectors were most affected by high prices.

 

According to the Philippine Statistics Authority (PSA), the increase in prices in the markets is continuous, the increase in the price of goods and services in the Philippines has accelerated even more than a month ago. With the PSA record reaching 3.8% this April, this is the third consecutive monthly increase in inflation.

 

The most affected are the price hikes in transportation, food, and non-alcoholic beverages. In April, the price of some types of rice increased slightly, with regular milled rice rising to P51.25 per kilo compared to P51.11 in March. While the price of well-milled and special rice was only modestly reduced.

 

According to PSA, it depends on the supply from the world market and local production if the price of rice continues to drop. Aside from rice, some vegetables also affected inflation, although the price of vegetables dropped to P126 per kilo, but its decrease was low compared to the previous months.

 

According to the National Economic and Development Authority (NEDA), the government is already taking steps to ensure food security in the country amid El Niño and in coming La Niña. He said it is necessary to strengthen local agricultural production to ensure adequate supply.

 

President Bongbong Marcos previously signed Executive Order No. 59 to speed up the implementation of infrastructure projects. Some projects according to NEDA will help to quickly deliver agriculture products to the market to help lower commodity prices.

 

 

Source: Philippine News Agency

 

 

 

Be part of ImHenyo community!

Get featured by sharing your stories, news, and comments

Email us at [email protected]

Comments

NEWS

BLACKPINK'S JISOO TO BRING 'LIGHTS, LOVE, ACTION!' SOLO FAN MEET TO MANILA N
M
Jessica
Views 22
Likes 1
2025.02.05
BLACKPINK'S JISOO TO BRING 'LIGHTS, LOVE, ACTION!' SOLO FAN MEET TO MANILA
PHILIPPINE GOVERNMENT DEBT HITS P16.05 TRILLION AS OF END-2024 N
M
Jessica
Views 23
Likes 1
2025.02.05
PHILIPPINE GOVERNMENT DEBT HITS P16.05 TRILLION AS OF END-2024
TWO CHINESE VESSELS LEAVES PHILIPPINE EEZ – PCG N
M
Jessica
Views 43
Likes 1
2025.02.04
TWO CHINESE VESSELS LEAVES PHILIPPINE EEZ – PCG
FOOD SECURITY EMERGENCY ON RICE DECLARED – DA N
M
Jessica
Views 44
Likes 1
2025.02.04
FOOD SECURITY EMERGENCY ON RICE DECLARED – DA
‘METEOR GARDEN’ STAR BARBIE HSU PASSES AWAY AT 48
M
Jessica
Views 28
Likes 1
2025.02.04
‘METEOR GARDEN’ STAR BARBIE HSU PASSES AWAY AT 48
PRIVATE SCHOOLS GROUP COCOPEA WITHDRAWS FROM NTF-ELCAC
M
Jessica
Views 42
Likes 1
2025.02.04
PRIVATE SCHOOLS GROUP COCOPEA WITHDRAWS FROM NTF-ELCAC
MIXED FUEL PRICE MOVEMENT SET ON TUESDAY, FEBRUARY 4
M
Jessica
Views 55
Likes 1
2025.02.03
MIXED FUEL PRICE MOVEMENT SET ON TUESDAY, FEBRUARY 4
POLITICAL DYNASTIES IN THE PHILIPPINES SEEKS REELECTION FOR 2025
M
Jessica
Views 52
Likes 1
2025.02.03
POLITICAL DYNASTIES IN THE PHILIPPINES SEEKS REELECTION FOR 2025
J-HOPE’S ‘HOPE ON STAGE’ IS COMING TO MANILA
M
Jessica
Views 33
Likes 1
2025.02.03
J-HOPE’S ‘HOPE ON STAGE’ IS COMING TO MANILA
ILOCOS NORTE GRASSFIRE DESTROYS 287 HECTARES OF LAND – OCD
M
Jessica
Views 64
Likes 1
2025.02.03
ILOCOS NORTE GRASSFIRE DESTROYS 287 HECTARES OF LAND – OCD
NUEVA ECIJA CHOPPER CRASH LEAVES FEMALE PILOT DEAD
M
Jessica
Views 50
Likes 1
2025.02.03
NUEVA ECIJA CHOPPER CRASH LEAVES FEMALE PILOT DEAD
AMIHAN TO BRING RAINS OVER PARTS OF LUZON; ZERO OR ONE STORM IN FEBRUARY 2025 – PAGASA
M
Jessica
Views 70
Likes 1
2025.02.01
AMIHAN TO BRING RAINS OVER PARTS OF LUZON; ZERO OR ONE STORM IN FEBRUARY 2025 – PAGASA
DEPED TO ADDRESS SHORTAGE OF SCHOOL PRINCIPALS, EYES 'ONE PRINCIPAL-ONE SCHOOL' POLICY
M
Jessica
Views 59
Likes 1
2025.02.01
DEPED TO ADDRESS SHORTAGE OF SCHOOL PRINCIPALS, EYES 'ONE PRINCIPAL-ONE SCHOOL' POLICY
BSP: INFLATION LIKELY TO FALL BETWEEN 2.5% TO 3.3% IN JANUARY
M
Jessica
Views 77
Likes 1
2025.02.01
BSP: INFLATION LIKELY TO FALL BETWEEN 2.5% TO 3.3% IN JANUARY
PHILIPPINES LARGEST CROCODILE AFTER LOLONG, PANGIL, PASSES AWAY
M
Jessica
Views 164
Likes 1
2025.02.01
PHILIPPINES LARGEST CROCODILE AFTER LOLONG, PANGIL, PASSES AWAY
1 2 3 4 5