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Philippines: Inflation remains high, may hit 8.3% in January

MANILA, Philippines — Inflation remained elevated last month, likely settling between 7.5 and 8.3 percent, as higher electricity, water, fuel and food prices continue to hound consumers, according to the Bangko Sentral ng Pilipinas (BSP). The BSP said the upward price pressures in January emanated from higher electricity rates, approved water rate rebasing, higher domestic […]

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Philippines: Factory gate prices ease in December

MANILA, Philippines — Factory gate prices’ growth eased in December from the previous month, due to slower increases in 15 industry divisions, the Philippine Statistics Authority (PSA) said. Preliminary data released by the PSA yesterday showed the Producer Price Index (PPI) for manufacturing posted a 5.1 percent growth in December, slower than the 6.2 percent […]

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IMF retains Philippine growth outlook

Despite predictions of global economic downturn MANILA, Philippines — The International Monetary Fund (IMF) is maintaining its growth outlook for the Philippines over the next two years despite predictions of a global economic downturn. IMF resident representative Ragnar Gudmundsson said the multilateral lender expects gross domestic product growth in the country to slow down to […]

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