Inflation soars to 4.7 percent in February as pork prices rise

  • 📰 ABSCBNNews
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 83%

Philippines Headlines News

Philippines Latest News,Philippines Headlines

Inflation quickens further in February Read more:

MANILA - Philippine inflation quickened further in February driven by higher pork prices, the state statistics bureau said on Friday.

"Ang pangunahing dahilan ng pag angat ng inflation nitong Pebrero 2021 ay ang mas mabilis na pagtaas ng presyo ng food and non-alcoholic beverages. Ito ay dahil sa pagtaas ng presyo ng karne, partikular ang baboy," National Statistician Dennis Mapa said.Pork prices surged in the last few months due to a supply shortage caused by the African swine fever. President Rodrigo Duterte earlier ordered a price cap on pork and chicken meat products in Metro Manila.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Inflation is another government tool against its people

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in PH

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Inflation eases to 4.5 percent in MarchInflation slightly eased in March due to slower price movement of food and non-alcoholic beverages, according to the data released by PSA this Tuesday. FULL STORY:
Source: ABSCBNNews - 🏆 5. / 83 Read more »

February inflation quickens further to 4.7%, highest in over 2 yearsHEADLINE inflation in February 2021 accelerated further to 4.7 percent, the highest since January 2019, due mainly to elevated prices of food and...
Source: sunstaronline - 🏆 18. / 59 Read more »

Dissecting Data: Inflation hits 26-month high as pork prices surge despite price cap
Source: ABSCBNNews - 🏆 5. / 83 Read more »

Rising oil, corn prices pose upside risks to PH inflationInflation concerns remain as upside risks such as normalizing global oil prices and rising corn prices threaten recent gains in bringing down food costs, the Department of Finance (DOF) bendeveraINQ SINCE 2016 ON THE ON-SET OF RODY'S POWER, A WOLF IN A SHEEP'S SKIN, WHEN DID OUR INFLATION WENT DOW?
Source: inquirerdotnet - 🏆 3. / 86 Read more »

Economists on PH inflation spike: It’s about the supplyThe country’s rising inflation rate will return to normal once policy makers address supply bottlenecks that have pushed the consumer price index to its highest level in two years, according to economists and market watchers. | daxinq
Source: inquirerdotnet - 🏆 3. / 86 Read more »