Phl inflation accelerates; hits 4.7% in February

Aileen Cerrudo   •   March 5, 2021   •   452

MANILA, Philippines — The trend in the country’s inflation rate continues to go upward as it hits 4.7% in February 2021.

Based on the Philippine Statistics Authority (PSA), the prices of goods in the country further increased at a faster rate in February compared to that in January with a 4.4% rate recorded. 

The rate is also higher compared to that in February 2020 with 2.6 percent – the highest inflation recorded since January 2019.

The rate of the country’s prices of goods had been increasing for five consecutive months.

Experts say contributing to the uptrend include the spike in meat prices, especially pork; and the increase in the prices of alcoholic and tobacco products, as well as, gas fuels. – AAC

PH inflation rate slows down to 4.1% in June — PSA

Aileen Cerrudo   •   July 6, 2021

MANILA, Philippines — The inflation rate in the Philippines has slowed down to 4.1% in June 2021, according to the Philippine Statistics Authority (PSA).

From a 4.5% inflation rate in May, the June rate of 4.1% is within the forecast of the Bangko Sentral ng Pilipinas (BSP) between 3.9% and 4.7% for the month.

According to BSP Governor Benjamin Diokno, a major contributor to the slower pace in inflation was the lower annual rate of increase in the transport index at 9.6%, down from 16.5% in May 2021. This is due to the decrease in transportation fares.

Aside from the low transport index, the slow inflation rate is also due to the low indices in health with 2.9%, communication at 0.2%, clothing and footwear at 1.6%, and alcoholic beverages and tobacco at 11.2%. However, inflation rates were higher in the indices of food and non-alcoholic beverages at 4.7%; housing, water, electricity, gas, and other fuels, 2.4%; and restaurant and miscellaneous goods and services, 3.9 %.

Meanwhile, Diokno said that the average inflation is projected to settle at the high end of the target range of 2-4% in 2021. AAC

PSA opens additional Step 2 registration sites for PhilSys ID in Luzon

Marje Pelayo   •   July 6, 2021

MANILA, Philippines – The Philippine Statistics Authority (PSA) has made PhilSys ID registration more accessible to the general public in Luzon.

In an advisory on Facebook, the agency posted a number of newly established registration sites in six provinces in Luzon namely Pangasinan, Cavite, Laguna, Batangas, Rizal and Quezon where online booking of appointment for the National ID’s Step 2 registration can be accommodated.

Residents in the said areas should register online or log in using your personal mobile number or email address at https://register.philsys.gov.ph to book an appointment for the Step 2 registration.

PSA reminds the public that the earlier schedule is on July 8, 2021.

The PSA intends to open more registration sites in other areas in the country to speed up the registration process for the National ID.

For inquiry, the public may send their message to PSA’s official social media accounts m.me/PSAPhilSysOfficial, send an email to info@philsys.gov.ph, or call the PhilSys hotline numbers 1388.

PhilHealth, PSA sign agreement on data sharing of death information records

Aileen Cerrudo   •   July 2, 2021

MANILA, Philippines — The Philippine Health Insurance Corporation (PhilHealth) and the Philippine Statistics Authority (PSA) formally signed on Friday (July 2) an agreement on data sharing of death information records.

The said partnership agreement, according to PhilHealth, will help in fulfilling its mandate of maintaining an accurate database of members in aid of expanding its benefit packages and improving service delivery. It also aims to minimize, if not eradicate, fraud in claims reimbursements.

Under the said agreement, PhilHealth shall provide PSA with electronic lists of identified members and their dependents which would then be matched with the statistics agency’s death records.

The PSA, meanwhile, will develop a matching program called Decentralized Vital Statistics to validate the lists to be submitted by PhilHealth.

“Data sharing agreement also translates to data integrity that would further help PhilHealth to remain steadfast and committed to its vision, that is, “Bawat Filipino, Miyembro; Bawat Miyembro, Protektado; Kalusugan ng Lahat, Segurado,” PhilHealth President Dante Gierran said.

To ensure the confidentiality of data, both agencies have committed to strictly abide by the provisions of Republic Act No. 10173 or the Data Privacy Act of 2012. -AAC

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