Current Events: Philippine Inflation Rate - the Rise and Fall

[spectrespook]

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mao lagi boss. pero kita mga pinoy kinahanglan mausab atong diet.kasagaran gyud sa diseases diri sa pinas kay mga heart diseases ug diabetes. ok ra ang rice pero if minimal like one cup lang per meal. kinahanglan ma educate ang tao nga rice is starch and starch is sugar.di gyud pwede palabihan. im sure kita tanan diri we have a family member nga naay diabetes or heart disease.

That would be a good diet boss, 1 cup of rice per meal..pero kuwangon jud kung naanad kusog mokaon og rice. Anha na mag usab (kung mag usab man gani) kung mag sakit2 na. The problem is us, even though we know nga di maayo magpalabi, we still do it.

[spectrespook]

Phil Govt can only Do little to control inflation because of globalization. Most of our products are Imported from other countries so our inflation is more on Cost-push inflation type. So any changes on worldwide economy we will be affected.

Indeed..i think more on imports than exporting goods?, but we rely much sa mga ofw's remittances and bpo's.

[digitalsuperman]

That would be a good diet boss, 1 cup of rice per meal..pero kuwangon jud kung naanad kusog mokaon og rice. Anha na mag usab (kung mag usab man gani) kung mag sakit2 na. The problem is us, even though we know nga di maayo magpalabi, we still do it.

mao lagi boss. bisan asa ka karon.kasagaran sa mga demographics nga 40+ nga mga tao nato diha dagko tiyan ug mga tambok. daghan kaayo prediabetic they dont even know it. haayz.

[spectrespook]

mao lagi boss. bisan asa ka karon.kasagaran sa mga demographics nga 40+ nga mga tao nato diha dagko tiyan ug mga tambok. daghan kaayo prediabetic they dont even know it. haayz.

Mamatay nalang og kalit sa mga complications..

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This is a good read..

Inflation, the peso, and overall spending

Causes summarized. A short list of factors or events that appear to fuel the current inflationary experience in the country may be summarized.

(1) High aggregate demand. The level of overall aggregate demand in the economy has risen in view of the continued high consumption demand and relatively favorable private investments in the country.

(2) Government spending and the Build Build Build program. A significant element in the rise of overall demand has been the growth of public spending, especially the rise in public infrastructure spending by the Duterte administration through its Build Build Build program.

(3) Peso depreciation. Most national currencies have depreciated against the dollar. Strong US economic recovery arising from the Trump tax-cut policies and economic deregulation added fuel to a recovery that had begun during the Obama years.

(4) External uncertainties. There are major tensions in the world economy today that are the product of recent political developments.

(5) "Rising interest rates.” Interest rates are definitely destined to rise further in the near future. The signal for this was made by the US central bank as economic recovery there strengthened in 2017.

https://www.philstar.com/business/20...erall-spending

[firestarter]

As expected. hehehe. You are a joke, TS.

I was only copying on how you format your argument.

Ahhhyyssss Bear Country.

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Removing Barriers, at least they are doing something about it.

Gov’t set to remove food import barriers this month

Published September 13, 2018, 5:25 PM
By Chino Leyco

The National Economic and Development Authority (NEDA) said today that the government will remove administrative and non-tariff barriers on the importation of food items this month to temper the skyrocketing consumer prices.

MB FILE -Socioeconomic Planning Secretary and NEDA Director- General Dr. Ernesto M. Pernia gestures during a press briefing held at the New Executive Building in Malacañang on August 23, 2016. (Photo by Richard V. Viñas) / MANILA BULLETIN
Socioeconomic Planning Secretary and NEDA Director-General Dr. Ernesto M. Pernia (Photo by Richard V. Viñas) / MANILA BULLETIN FILE PHOTO)

In a statement, Socioeconomic Planning Secretary Ernesto M. Pernia said the draft executive order (EO) to remove the barriers has been submitted by the Economic Development Cluster (EDC) to the office of the President.

Pernia said they want to implement the measures starting this month.

Recommended to the President before Tuesday’s Cabinet meeting, the EO will zero in on fish, rice, sugar, meat and vegetables — considering that the rise in prices of these items has been the major contributor to inflation for the past two months.

Fish and seafood, rice and meat, and vegetables accounted for 2.4 percentage points out of the 6.4 percent inflation rate in August.

“The issuance of the Executive Order, as well as quick implementation of immediate and short-term measures, will address the supply issues that have been driving up inflation,” Pernia said.

The proposed EO will jump off from the measures and reforms identified by the EDC to tame food inflation.

Immediate to short-term measures include making rice available in the market through immediate release of stocks from National Food Authority (NFA) warehouses, importation, and distribution of projected harvest; monitoring of rice transfer from ports to warehouses and retail outlets; and the speedy passage of the Rice Tariffication Bill.

Availability of fish and chicken will be increased by allowing imports to be distributed quickly and by setting up public markets with cold storage facilities where producers can sell directly to end consumers.

Apart from importation, improving logistics, transport, distribution, and storage was also deemed crucial for curbing price inflation of sugar, vegetables, and other food items.

Medium- to long-term measures include boosting agricultural production by promoting the use of and developing resilient and high-yielding varieties of crops while reassessing the country’s planting season and crop viability in each region.

Policy measures include the review and possible amendment of the Fisheries Code and other policies governing the sector and legislation for the tariffication also of sugar, fish, meat and vegetables.

The EDC reiterated the urgency of passing the Rice Tariffication bill, which is currently in the Senate after approval by the House of Representatives on its third and final reading.

“The Rice Tariffication bill must be passed with haste not only to curb inflation but also to provide farmers better access to farming technologies. This will increase productivity and supply in the medium-term,” the EDC added.

[spectrespook]

“We have seen higher inflation in the past—for example during the time of Mr. (Ferdinand) Marcos the inflation rate was close to 50 percent; time of Mrs. Aquino, 21.2 percent in August of 1991. Time of (Fidel) Ramos, 13.9 percent in Feb. 1992; and then time of Erap (Joseph Estrada), 10.7 percent in Jan. 1999 during the height of the impeachment trial. And then time of GMA (House Speaker Gloria Arroyo) it was 10.5 percent in Aug. 2008. During time of P-Noy, 5.2 percent in June and Oct. 2011,” Diokno noted.

https://business.inquirer.net/257270...ycle-rate-hike

[digitalsuperman]

“We have seen higher inflation in the past—for example during the time of Mr. (Ferdinand) Marcos the inflation rate was close to 50 percent; time of Mrs. Aquino, 21.2 percent in August of 1991. Time of (Fidel) Ramos, 13.9 percent in Feb. 1992; and then time of Erap (Joseph Estrada), 10.7 percent in Jan. 1999 during the height of the impeachment trial. And then time of GMA (House Speaker Gloria Arroyo) it was 10.5 percent in Aug. 2008. During time of P-Noy, 5.2 percent in June and Oct. 2011,” Diokno noted.

https://business.inquirer.net/257270...ycle-rate-hike

muubos ra ning inflation once nga muduol na ang december kay ang mga OFW magbulhot manag padala ug dollars sa pinas para sa pasko.

[spectrespook]

muubos ra ning inflation once nga muduol na ang december kay ang mga OFW magbulhot manag padala ug dollars sa pinas para sa pasko.

Hopefully boss.. But dakoa jud di sa trade deficit, ga decline jud di ang export nya ga increase ang imports nato.

"The trade deficit for the first half of 2018 rose by 27.9 percent to $23.3 billion as imports of goods expanded by 10.7 percent while exports of goods declined by 1.6 percent."

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Can anyone explain this in layman's term?

“This outcome was due mainly to the widening deficit in the trade-in-goods account and lower net receipts in the primary income account, which more than offset the higher net receipts in the trade-in-services and secondary income accounts,” the BSP said."

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Lower shipments/export of coconuts? Perting baratoha jud sa copra ron mahug nga bottom level since 2015. Ga downtrend ang price since feb of 2017.

"Contributing largely to the decrease in exports goods were lower shipments of coconut products (22.9 percent) and fruits and vegetables (16.4 percent). These offset the moderate growth in other commodity groups during the period."

https://business.inquirer.net/257268...-gap-hits-3-1b

[digitalsuperman]

Lower shipments/export of coconuts? Perting baratoha jud sa copra ron mahug nga bottom level since 2015. Ga downtrend ang price since feb of 2017.

"Contributing largely to the decrease in exports goods were lower shipments of coconut products (22.9 percent) and fruits and vegetables (16.4 percent). These offset the moderate growth in other commodity groups during the period."

https://business.inquirer.net/257268...-gap-hits-3-1b

aging na ang atong coconut trees kuwang suporta sa gobyerno mao gamay ang production sa copra. hinay na ang demand sa coconut oil karon. ang grabe taas demand kay palm oil.

[digitalsuperman]

Mao ni reason. Pero dili man sad pwede nimo undangon ang BBB kay dako man sad ni tabang sa mga tao. Ang trabaho magenerate ani naa sa hundred of thousands.

Mahal ang cooking oil pero barato ang copra.

barato raman vegetable oil. barato gyud na copra kay raw material mana for coconut oil. di na nimo makumpara ang presyo sa finish product ug sa raw material.