PH inflation rate jumps to 4.9% in August; highest since Jan. 2019

Aileen Cerrudo   •   September 7, 2021   •   194

MANILA, Philippines — The country’s inflation rate jumped to 4.9% in August, according to the latest report of the Philippine Statistics Authority (PSA).

This is a 0.9% rate increase from that of the prices of goods in July at 4.0%.  It is also recorded as the highest inflation rate since January 2019.

In a virtual press briefing, PSA chief and National Statistician Claire Dennis Mapa reported the increased inflation rate in August was caused by accelerated price movement in food and non-alcoholic beverages which is at 6.5% inflation.

Ang mga pangkat ng pagkain na pangunahing nag-ambag sa inflation ng Food and Non-Alcoholic Beverages ay ang mga karne, gaya ng baboy na may 16.4% inflation; isda, tulad ng galunggong na may 12.4% inflation; at gulay, partikular ang talong na may 15.7% inflation,” he said.

Mapa said the reason for the accelerated inflation rate in fish is due to the lack of supply. He also added that the Department of Agriculture is eyeing importing fish products to help boost the country’s fish supply.

Weather and increased transportation fees were the cause of the high inflation rate in vegetables.

The inflation rate in fish increased to 12.4% in August from 9% in July while the inflation rate in vegetables increased to 13.5% from 4.8%.

Meanwhile, the August rate brought the year-to-date average at 4.4% which remains above the government’s target ceiling of 2% to 4% rate. AAC

PH inflation eases to 4.8% in September — PSA

Aileen Cerrudo   •   October 5, 2021

MANILA, Philippines—Inflation in the Philippines eased to 4.8% in September from 4.9% recorded in August, the Philippine Statistics Authority (PSA) reported on Tuesday.

The latest headline inflation rate is at the lower end of the Bangko Sentral ng Pilipinas’ (BSP) forecast range of 4.8 to 5.6% for September 2021, according to the National Economic and Development Authority.

The PSA also reported that the slower pace in the overall inflation in September 2021 was mainly due to the lower annual rate of increment in the transport index at 5.2% during the month, from 7.2% in the previous month.

Food inflation decreased to 6.5% in September from 6.9% in August due to slower inflation rates in rice, fish, and meat. Rice inflation recorded zero growth, following the issuance of EO 135. Likewise, fish inflation decelerated to 10.2% from 12.4%.

Socioeconomic Planning Secretary Karl Kendrick T. Chua  said, “The proactive implementation of Executive Order (EO) 133 and 134 have helped stabilize pork prices. The government is continuously accelerating and calibrating its implementation so we can further lower pork prices towards their pre-African Swine Fever level.”

The government adopted EOs 133 and 134 in May 2021 to help increase the supply of pork in the country amid its shortage due to the African Swine Fever (ASF). AAC

 

Unemployed Filipinos rose to 3.88M in August — PSA

Aileen Cerrudo   •   September 30, 2021

MANILA, Philippines—The country’s unemployment rate in August 2021 was estimated at 8.1% , an increase from 6.9% reported in July.

The Philippine Statistics Authority (PSA) reported on Thursday that the total number of unemployed Filipinos in August stood at 3.88 million individuals 15 years old and over.

This is amid the implementation of stringent quarantine classifications due to the high number of reported coronavirus disease (COVID-19) cases.

In a joint statement of the administration’s economic managers, including Department of Finance (DOF) Secretary Carlos G. Dominguez III, Socioeconomic Planning Secretary Karl Kendrick T. Chua, and Budget officer-in-charge Tina Rose Marie L. Canda, said the result of the recent unemployment rate was expected given the restrictions prompted by the pandemic and the spread of the Delta variant.

Nevertheless, the economic managers said the result is an improvement, since the labor force participation increased to 63.6% from 59.8%. This is equivalent to 48.12 million Filipinos 15 years old and over.

Socioeconomic Planning Secretary Karl Kendrick Chua said the country is slowly recovering owing to the government’s risk management strategy. He said that majority of workers were allowed to operate and return to work while under heightened quarantine.

Tuloy po ang ating public transport. Ang mga pinagbawalan lang natin ay iyong mga nasa closed places, crowds at close contact areas. So iyan po ang dahilan kung bakit bumabalik ang trabaho at gumaganda ang ating underemployment rate (Public transport continues to operate. What is not allowed are gatherings in closed places, crowds, and close contact areas. That is the reason why workers have returned and our underemployment rate is improving),” he said during a virtual public briefing on Thursday. AAC (with reports from Janice Ingente)

Civil registration service outlets in Metro Manila to reopen on Sept. 16 — PSA

Robie de Guzman   •   September 15, 2021

MANILA, Philippines — The Philippine Statistic Authority (PSA) on Wednesday announced that all its Civil Registration Service Outlets in Metro Manila will reopen on Sept. 16, Thursday.

The PSA, however, said its service outlets will operate at a reduced capacity.

“Only clients with prior appointments issued through the Civil Registration Service Query Verification Unit email address will be served,” the agency said in its website.

The PSA also said that customers at the service outlet in East Avenue, Quezon City who were issued with a queue ticket number prior to the declaration of enhanced community quarantine and modified enhanced community quarantine will be served according to schedule and color code. The complete schedule can be viewed here.

Those with urgent matters or emergency cases identified by the PSA may be given priority appointments provided valid proof of the emergency is submitted through the agency’s channels.

“Customers will receive a confirmation email and the details of the scheduled appointment,” the PSA said.

“Strictly no walk-in customers are allowed. Your health and wellness is our primary concern,” it added.

Customers must use StaySafe.ph App to enter the PSA premises.

For more information about the PSA Appointment System, clients may contact the following telephone numbers: (02) 8461-0500 loc.702 and 703.

The government earlier announced it will be piloting the quarantine alert levels system in Metro Manila on Sept. 16.

The region will be placed under alert level 4, which prohibits the following from going outside their residence:

  • Persons below 18 years old
  • Persons over 65 years old
  • Those with immunodeficiencies, co-morbidities, or other health risks
  • Pregnant women

Residents will only be allowed to leave their homes when accessing essential goods and services or going to work in permitted industries and offices.

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