The Bangko Sentral ng Pilipinas (BSP) is now worried that the expected lower farm output from, a stronger-than-expected El Niño phenomenon would push up inflation.

Lower farm output from El Niño to hike inflation 

The recent report by the Philippine Statistics Authority (PSA-6) highlighting the inflationary pressures in Western Visayas, particularly with a spike in the costs of basic commodities and transportation, paints a grim picture of the region's economic landscape. 

Inflation and El Niño: A Dual Threat 

RICH CORAL FORMATION. A diver flashes the "Ok" gesture while diving and enjoying the coral reefs in Apo Island, Dauin town in Negros Oriental in this undated photo. President Ferdinand R. Marcos Jr. on Friday expressed hope that new investors will consider exploring opportunities in the Philippine dive industry. 

PBBM seeks new dive sector partnerships 

As we sail through the roaring seas of 2023, the Philippine economy continues to grapple with the stubborn storm of inflation. This economic specter persistently lurks in the background, subtly eroding the purchasing power of the Filipino peso and impacting the lives of everyday Filipinos. Yet, like the vibrant sunflowers that twist to face the sun, Filipinos are demonstrating resilience and agility, steadfastly standing tall against the gusts of economic uncertainty.

Filipinos show resilience amid inflation  

Economic think tank IBON Foundation strongly doubts that further changes in the constitution would result in increased and sustained foreign investments, ergo economic development for the country, as laws passed in the previous administration already contained allurements for foreign investments.

What more economic development can Chacha bring?

Despite government’s efforts to supplement local production with massive importations of food items, the short supply of the most basic food items will persist until the end of the year aggravating the escalating inflation.

Shortage of food items to aggravate inflation uptick

In the archipelago of the Philippines, an invisible invader is permeating every nook and cranny of households - inflation. This stealthy foe, characterized by a steady surge in the prices of goods and services, stealthily chips away at the purchasing power of the hard-earned peso. While the Philippines isn't alone in confronting this economic adversary, the unique impact on Filipino households calls for a closer look.

Filipino households take on inflation 

SBMA Chairman and Administrator Eduardo Jose L. Aliño and employees of the agency welcome US Ambassador to the Philippines MaryKay Carlson during her visit to the Subic Bay Freeport Zone on Wednesday. 

SBMA Chairman and Administrator Eduardo Jose L. Aliño welcome US Ambassador to the Philippines MaryKay Carlson

Even under alert level 1, the country’s unemployment rate has declined from 5.8 percent in March to 5.7 percent in April with 1.3 million net losses in jobs. The onsite classes will help business recovery, the National Economic and Development Authority said.

NEDA says targeted ayuda, onsite schooling to bring back employment

Inflation has been a persistent challenge for the Philippine economy, but the COVID-19 pandemic has amplified its impact on Filipino families. The Philippines saw a surge in inflation rates in 2020, which has continued into 2021. This has led to higher prices for basic necessities like food, housing, and transportation, and has made it increasingly difficult for families to make ends meet.

Family strategies for rising prices 

NEDA says targeted ayuda, onsite schooling to bring back employment photo Twitter

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