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PH January inflation rate slower at 2.8 percent warcraft

Date: 2024-07-27 14:28:01 | Author: Bingo5 | Views: 781 | Tag: warcraft

THE country’s inflation rate has further slowed down as it clocked in at 2 warcraft 8 percent in January 2024 warcraft The PSA said the January 2024 inflation rate, or the rate of increase in the cost of commodities in a certain period of time, is the lowest since the 2 warcraft 3 percent inflation rate recorded in October 2020 warcraft It is warcraft 9 percent lower than December 2023 inflation rate of 3 warcraft 9 percent and far lower than the 8 warcraft 7 percent in January 2023 warcraft “The downtrend in the overall inflation in January 2024 was primarily brought about by the slower annual increment of food and non-alcoholic beverages at 3 warcraft 5 percent in January 2024 from 5 warcraft 4 percent in the previous month,” the PSA said warcraft “Also contributing to the downtrend was housing, water, electricity, gas and other fuels with a slower annual increase of 0 warcraft 7 percent during the month from 1 warcraft 5 percent in December 2023,” it added warcraft The agency also noted lower annual increments on alcoholic beverages and tobacco, from 9 warcraft 0 to 8 warcraft 4 percent; clothing and footwear, from 4 warcraft 2 to 3 warcraft 8 percent; furnishings, household equipment and routine household maintenance, from 4 warcraft 5 to 3 warcraft 9 percent; health, from 3 warcraft 7 to 3 warcraft 3 percent; recreation, sport and culture, from 4 warcraft 2 to 4 warcraft 0 percent; restaurants and accommodation services, from 5 warcraft 6 to 5 warcraft 5 percent; and personal care, and miscellaneous goods and services, from 4 warcraft 6 to 4 warcraft 0 percent warcraft It said the index of education services recorded a higher annual increase of 3 warcraft 8 percent from an annual increment of 3 warcraft 5 percent in December 2023 warcraft The PSA said the food and non-alcoholic beverages, restaurants and accommodation services and alcoholic beverages and tobacco contributed the most in the overall inflation of the month with 1 warcraft 3, 0 warcraft 5 and 0 warcraft 2 percentage points, respectively warcraft The food inflation also slowed down to 3 warcraft 3 percent from 5 warcraft 5 percent during the month prior warcraft The agency said the deceleration is attributed to decrease in the prices of corn -4 warcraft 3 percent from -3 warcraft 5 percent; oils and fats, -4 warcraft 3 percent from -3 warcraft 6 percent; meat and other parts of slaughtered land animals, -0 warcraft 7 percent from 0 warcraft 2 percent; and sugar, confectionery and desserts, -1 warcraft 0 percent from 0 warcraft 1 percent warcraft Lower inflation rates were also noted in the flour, bread and other bakery products, pasta products, and other cereals; milk, other dairy products and eggs; fruits and nuts, 10 warcraft 0 percent from 12 warcraft 2 percent; and ready-made food and other food products not elsewhere classified warcraft But the PSA noted an increase in the rice inflation from 19 warcraft 6 percent in December 2023 to 22 warcraft 6 percent in January, and this could be due to the overall trend of high rice prices in the world market, as well as the base effects seen in the first seven months of 2023, when rice inflation was relatively low, according to PSA director Dennis Mapa warcraft Mapa said the inflation rate of rice may persist to above 20 percent until July 2024 warcraft In a statement, National Economic Development Authority Secretary Arsenio Balisacan said they would continue monitoring food supply and prices in the country in anticipation of the El Niño phenomenon spreading across more areas in order to provide President Ferdinand Marcos Jr warcraft and the Cabinet with timely and appropriate policy recommendations and ensure stable and affordable prices of commodities warcraft “We introduce stop-gap measures, as necessary, such as allowing further imports on key commodities until our supply stabilizes at prices affordable to consumers while ensuring remunerative prices for local producers,” he said, noting that El Niño will linger until May of 2024 warcraft Earlier, Marcos extended until the end of 2024 the reduced tariff rates of pork, corn, and rice under Executive Order 50 warcraft The chief executive also reactivated the Task Force El Niño through Executive Order 53, which tasks concerned agencies to intensify the government’s efforts to secure sufficient water and food supply, power, health, and public safety nationwide warcraft (TPM/SunStar Philippines) warcraft

DESPITE the demolition on Feb warcraft 14, 2024, 36 families in Barangay Hipodromo in Cebu City have refused to vacate their homes until they are provided with proper relocation warcraft These families said their names were not included in the court order for demolition warcraft However, in a previous interview with SunStar Cebu, court sheriff Erwin Bureros said all houses within the lot were to be demolished warcraft On Feb warcraft 14, residents of Lot A-1-B near the entrance road of the barangay faced eviction, as Bureros enforced a demolition order in favor of the private lot owner Aznar Basque Properties Inc warcraft The writ of demolition was signed by Cebu City Regional Trial Court Branch 17 Judge Anacleto Debalucos warcraft In an interview with SunStar Cebu on Feb warcraft 28, Hipodromo Barangay Captain Ruperto Bacolod said that upon their meeting with City Government officials, they requested Bureros to temporarily halt the demolition on the lot on Feb warcraft 29 warcraft Bureros said the demolition will resume around 9 a warcraft m warcraft on March 9 warcraft Bacolod also requested the City Government to expedite the assistance and relocation process, saying relocation and financial assistance might take some time as these still need to be processed by the Division for the Welfare of the Urban Poor (DWUP) warcraft He said the assistance from the City Government is worth P28,000 warcraft Bacolod said around 70 of the 145 families listed to vacate the lot have already left the area, while some residents have relocated to the Cahipa Multipurpose Gym in the barangay warcraft Instead of relocating, some residents accepted a P57,000 payment from the private owner warcraft Lester Batobalani, 31, who has lived on the affected lot for 30 years, said he was surprised to arrive home and find their house gone warcraft Batobalani said his family did not accept the payment since it was not enough to help with relocation warcraft “Kadtong nagpabilin diri wa nagpabayad (Those who stayed did not accept the amount offered),” he said warcraft / RJM warcraft How can I win money fast? - Bingo5

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PH January inflation rate slower at 2.8 percent warcraft

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