World economy talk

[uls]

Philippines June inflation report will be released on July 4

could be near 5%

[safeorigin]

Philippines June inflation report will be released on July 4

could be near 5%

real inflation number feels much bigger to be honest. most of our merchandise have risen up to 30%

[Ry_Tower]

Philippines June inflation report will be released on July 4

could be near 5%

Nasa mag 5% nga.

real inflation number feels much bigger to be honest. most of our merchandise have risen up to 30%

Average kasi ata yan. Kaya nga sabi ni uls baka 5% when around 4% lang daw as per gov't data.

[tidus1203]

Still baffled why the BSP has resisted raising rates... They still think its just a temporary phenomena... Time to raise rates, baka mag overheat ang economy...

[A121]

wasak na namang ata argentina.

Singer Says Argentina Won?t Negotiate as Default Looms - Bloomberg

Still baffled why the BSP has resisted raising rates... They still think its just a temporary phenomena... Time to raise rates, baka mag overheat ang economy...

anong rate ng 90 day t-bills? time to go to... Bonds? haha

[uls]

tough month for the US dollar

main pressure comes from the decline in bond yields

[uls]

real inflation number feels much bigger to be honest. most of our merchandise have risen up to 30%

the govt uses a "basket" of goods and services to measure inflation

maybe the stuff you sell has a smaller weighting in the basket compared to other items like food, housing, energy

[tidus1203]

MANILA, Philippines - Inflation may have accelerated to as fast as five percent in June on the back of higher food prices and transport fare hikes, the Bangko Sentral ng Pilipinas said over the weekend.

BSP Governor Amando M. Tetangco Jr. said the rate is forecast to settle between 4.1 percent and five percent this month.

“The elevated forecast reflects a combination of increases in prices of certain commodities, including rice, tuition fee hikes and provisional fare rate increases,” Tetangco said in a text message to reporters.

These factors were partly offset by “downward adjustments in electricity rates and a relatively stronger peso during the month,” he added.

Food prices remained elevated in June and this was still blamed to the natural disasters that hit the country late last year that caused supply disruptions. Jeepneys, meanwhile, were allowed by the government to increase the minimum fare by 50 centavos starting June 14.

Inflation already hit a 30-month high in May due to soaring prices of food and increases in housing and utility rates.

Business ( Article MRec ), pagematch: 1, sectionmatch: 1
If the rate further picks up to five percent this month, this would be the fastest recorded following October 2011’s 5.2 percent.

Inflation seen hitting 5% in June | Business, News, The Philippine Star | philstar.com

[joey_ed27]

Inflation seen hitting 5% in June | Business, News, The Philippine Star | philstar.com

Cant say Im surprised by this at all. This is what you get when you hinder the flow of goods to and specially from the ports. The added cost is simply added to the end product. Now we see the repercussions of a local gov't ordinance that if left unchecked by the national govt can lead to bigger headaches for the economy in general.

[uls]