By Luisa Maria Jacinga C. Jocson, Reporter
HEANDINAL INFLATION RESteady focused on January as low state expenses has removed the spike on food prices, first data from the Physa Statistics Authority (PSA) has indicated.
Customer’s price indicator (CPI) rose by 2.9% each year in January, same with December. It also sat within a 2,5 -3 -3.3.3.3.3.3.3.3.3.3.3
January’s print is a little higher than 2.8% average average in A Businessworld The polling of 16 critics.
The latest inflation is compatible with the BSP test that inflation will remain in the target list over the policy browsing, “said the context.
Inflation, virtual dietary discounts and petrol, solved by 2.6% during the month – slowly by 2.8% in December and 3.8% last year.
Many weights and nonalocolic bondage index is always in the best CPI supplier in January, called for a 50.3% share, Clatistia said.
The indicator is fast up to 3.8% in January from 3.4% last month and 3.5% at the same time last year.
Deadline inflation in itself accelerates 4% from 3.5% in December and 3.3% in 2024.
Vegetables, bines, bananas, bananas and pulses risen to 21.1% in January from 14.2% in December and 20.8% last year.
In particular, tomato prices have a speedy increase of 155.7% from 120.8% last month. This is calculated by the point 0.4% (PPT) or 12,4% of inflation inflation.
Mr. Mapata said the increase in vegetable prices in part shows the impact of storms.
Several storms hit the country’s world, leading to the billions of Pesos injuries.
Increasing meat prices and other parts of the earth’s species jumped to 6.4% from 4.9% month month. Flesh Pigs went up to 8.4% from 5.1%, while the meat of chickens rise up to 8.4% from 7.7%.
Mr. Mapata said the high price of Lube is due to the African colds of pork pigs (ASF) in other regions.
Details from the Bureau of the animal industry shows about 88 municipalities in 19 provinces they had active asf.
At that time, fish and other seafood is also faster 3.3% from 1% month before month.
Rice Dowrend
On the other hand, the traditional power of the contract is 2.3% in January from 0.8% Clip on December and 22.6% jump the year earlier.
This also was very low since 2.8% of the rice reduction in rice power on June 2020. For the first time the rice sent for sale from 6.1% December 2021.
“Based on current prices, expecting that at least to July, we will expect the decline in the rice,” said Mr. Mapa.
In January, the normal digit of normal rice is refused on P48.25 per kilogram with P49.65 a year before. Well-digit rice has dropped to P54.14 from P54.91, while special rice dropped to P63.13 from P63.90 each year.
The Department of Agriculture on Monday and announced an emergency of a rice safety emergency, which remained lowly in spite of reductions of tax prices. The announcement will allow the National Food Authority to remove BUFFER shares in pricing prices to help reduce the cost of internal letter.
“Any act of reducing rice price is always benefiting our healers, because rice weighs heavier in our CPI basket,” said Mr Mapaka.
At that time, the PSA said houses, water, electricity, gas, and other archers were also a major donor on inflation, which was able to 2.2% in 29% in December. However, it got up from 0.7% printer last year.
Manila Electric Co reduced the total amount per P0.2189 per hour of Khowatts (KWH) in P11.7428 with KWH in January from P11.9617 with KWH in December.
Data from PSA has indicated an increase in employment price reduced to 2% from 2.4% in December, while delivery of 6.2% from 6.8%.
Water values ​​that rise in January. Manila Water Comed in P5.95 prices for cubic meter, while Menilad Water Services, Inc. Prices travel by p7.32 with cubic meter.
The decrease of the market power is also taken a bit of 1.1% from 0.9% in December and 0.3% down the year before that.
In January, the pump prices stood in the increase of P2.65 petrol, p4.80 diesel and p3.80 liter of kerafini.
Data from PSA has indicated 30% Revenue Retirement of incoming families made up of 2.4% in January from 2,5% month before and months ago.
Consumer values ​​in the National Capital Region (NCR) Demonstrated at 2.8% in January from 3.1% in December. Apart from NCR, inflation has been resolved by 2.9%, the same during the past month.
Central Bank said the inflation may be increased in the coming months.
“Red-tax deductions and adverse effects are expected to blur,” he said.
However, the risk of BSP you have seen in inflation view continues to rely on, quoting “illegal in transportation and electricity prices. “
“The impact of the Rice import taxises remains at the main risk of inflation … However, the uncertainty in outer creatures can be killed by the economic work and sympathy of the market,” adding.
The National Economic and Development Authority Arsisi M. Limals said the government was working to repair the diet as “one of the most important government.”
He said the government was using intervention to reduce the impact of Niña and maintain the vaccine against Asf into other means of helping inflation.
Low risk
At that time, the HSBC economicist of Asean Airis D. Dacanay said the risk of prices, pricing, recent annual defenses, and the use of the proposed rice.
Analysts expect that the money board is cut prices in review of their first policy of the year next week.
The Bank of Philippine Islands leads the Emilio S. Neri, Jr. He said it is possible to determine the BSP rate on February 13 has increased as inflation provides a reductions.
“Despite little surprise, we expect the BSP to continue to relieve financial benefits to help build support for Home Need, “said Mr Dacanay.
HSBC expects that the amount of money is determined by 25 BPS at February 13 meeting.
“The inflation is in the middle of the lower bsp’s 2-4% target range, giving a central banking room to work and change its focus on the growth,” said Mr Dacanay.
Secure GDP data also “oppresss Central Bank to prioritize growth,” said Mr Ni. Neri.
The Philippine economy grew slowly – the expectations 5.2% in a four-quarter, which brings a number of 2024 years to 5.6%. This was the brief end of the 6-6,5% of government target.
Mr Neri said the Central Bank would consider the money in its next policy decision.
“PESTO may be pressed if the Federal Reserve leaves the pricing prices. The BSP seems to be opened by USD / PHP coming up as long as the inflation is within the target,” add.
However, Mr Neri said further reduction in this year there is no expectation.
“However, we believe that the size of the decrease is constantly limited. Without portfolio of interest, economic accounts in the highest economic growth of external crisis.
The BSP Ruler Eli M. Remona, JR. You have signed 50 BPS prices this year, submerged that 75 BPS or 100 BPS can be “very much.”
This can be brought to the increase of 25 BPS BPS in the first and second half of the year, adding.
However, Chief of the BSP has said that the quality cuts are still upgrading on February 13.
“To cut a policy measure .
Central Bank began to rotate in August last year, to beat borrowing costs about 75 BPS in 2024. Bring the cut cuts triple three times, bringing a bench in 5.75%.
Breeze
At that time, the PSA said it was set to change the year of prices for prices to 2023 from 2018 from January 2026.
“We are looking for recycling in 2023 and technical staff are doing prepared work,” said Mr Mapaca.
“I think the next year, not this year. We make a reblogged GDP and inflation rate, 2023,” added.
The PSA has updated the CPI from time to ensure that the CPI Market Balket is accessed by families later, reviewing its cost and syncing its GDP year and other indices.
The renewal is also accompanied by the solution of the PSA board that has agreed to make synced indication to Base Yantal 2006 and every six years after six years
“Currently, we are looking for goods from the Family Last survey and cost. Mapata in English and Philippines.
The PSA changes the weights of these items according to use, adding.
“Second, and we look at new things in 2023 which is 2023 compared to 2023
“If you have an inflation report, there are about 500,000 things across the country where PSA collects. It takes a great time to prepare and get all this data,” add.
The PSA had approved the revision of the CPI to 2018 from 2012, which began in 2022.
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