Inflation - updates

Rappler's latest stories on Inflation


China's factory gate deflation eases as economy recovers

Jul 09, 2020 - 5:30 PM

China is working to bounce back from a historic economic contraction in the 1st quarter of 2020, but it faces a threat from weakening global demand

MANUFACTURING. Employees work on a battery production line at a factory in Huaibei in China's eastern Anhui province on March 30, 2020. Photo by AFP

Venezuela's year-on-year inflation down to 3,500%

Jul 09, 2020 - 12:40 PM

An opposition legislator says Venezuela's economic crisis could worsen with the depreciation of the bolivar

DEVALUED. Venezuela devalues the bolivar as it deals with an economic crisis. File photo by Federico Parra/AFP

Relaxed coronavirus rules push inflation up to 2.5% in June 2020

Jul 07, 2020 - 9:05 AM

(UPDATED) As the economy reopens with limited transportation options and physical distancing rules in place, tricycle fares soar in June

Inflation rate stays low despite coronavirus in Duterte's 4th year

Jun 29, 2020 - 11:30 AM

The COVID-19 outbreak upends both supply and demand, but various factors keep inflation rates low

Canada consumer prices fall 0.4% in May 2020

Jun 17, 2020 - 9:35 PM

Gasoline prices rebound, but are still down almost 30% year-on-year in Canada

TORONTO, ONTARIO - APRIL 23: King Street West is seen during the coronavirus pandemic on April 23 2020 in Toronto, Canada. Entertainment districts across Canada have been hit hard by the COVID-19 pandemic. Emma McIntyre/Getty Images/AFP

UK inflation hits 4-year low on virus lockdown

Jun 17, 2020 - 6:00 PM

Britain's inflation rate slumps to 0.5% in May 2020 despite a rebound in oil prices

shoppers, some wearing PPE (personal protective equipment), of a face mask or cvoering as a precautionary measure against COVID-19, walks past recently re-opened shops on Regent Street in London on June 17, 2020, as lockdown restrictions imposed to stem the spread of the novel coronavirus continue to be relaxed. - Britain's annual inflation rate slid to 0.5 percent in May, the lowest level in four years, as the country's coronavirus lockdown dampens prices, official data showed Wednesday. (Photo by Tolga Akmen / AFP)

China's factory goods prices slump on virus shock

Jun 10, 2020 - 10:40 PM

With slumping demand across many of China's key trading partners, companies are forced to charge less for their products

This photo taken on June 9, 2020 shows an employee working at a factory in Haian in China's eastern Jiangsu province. - China's factory-gate prices remained at four-year lows in May, official data showed on June 10, as the demand shock from the coronavirus continued to take a toll on the world's second-largest economy. (Photo by STR / AFP) / China OUT

Venezuelan national assembly says 12-month inflation at 3,600%

Jun 10, 2020 - 7:30 AM

Crisis-wracked Venezuela has been in recession for more than 6 years

HYPERINFLATION. View of a tree decorated with banknotes which are worthless – as a result of inflation – as people queue at a gas station in Caracas, Venezuela, on March 10, 2019. Photo by Yuri Cortez/AFP

Inflation slows to 2.1% in May 2020

Jun 05, 2020 - 9:07 AM

(UPDATED) Lower transportation costs and food prices cause the downtrend in the Philippines' inflation rate

German inflation grinds lower in May 2020

May 28, 2020 - 8:40 PM

Germany registers just 0.6% inflation in May 2020, driven by a drop in energy costs

ELDERLY. A woman and a man wearing face masks walk past a shop in Leipzig, Germany, on April 20, 2020. Photo by Tobias Schwarz/AFP

Japan consumer prices log first drop in more than 3 years

May 22, 2020 - 9:30 AM

The Japanese internal affairs ministry says core prices in April 2020, excluding volatile fresh food, slipped 0.2% from a year earlier

JAPAN ECONOMY. People wearing face masks cross the quiet Shibuya crossing in Tokyo, Japan, on April 28, 2020. Photo by Behrouz Mehri/AFP

Canada consumer prices fall 0.2% in April 2020

May 20, 2020 - 11:55 PM

Plunging energy prices as a result of the coronavirus pandemic is the main contributor to the decline in Canada's inflation rate for April 2020

DESERTED. A street in the town of Niagara Falls, Canada, is seen during the coronavirus pandemic on April 27, 2020. Photo by Emma McIntyre/Getty Images/AFP

Sudan inflation soars to 99% as food prices rise

May 16, 2020 - 8:50 PM

Higher prices of grains, meat, milk, and bread cause Sudan's inflation rate to shoot up to 99% in April 2020

Residents of the Sudanese capital Khartoum queue in front of a bakery, on April 9, 2020. - The Sudanese authorities yesterday announced a rise in the price of bread in the capital, nearly a year after the fall of president Omar al-Bashir. A tripling of the price of bread had been the trigger for street protests against Bashir in December 2018 (Photo by ASHRAF SHAZLY / AFP)

Virus, low oil prices take toll on April 2020 U.S. inflation

May 12, 2020 - 10:20 PM

United States inflation drops to 0.8% in April 2020, its largest month-on-month fall since December 2008

OIL. A man walks on a path in front of an oil derrick near the Huntington Beach Oil Fields in Huntington Beach, California, on April 20, 2020. Photo by Michael Heiman/Getty Images/AFP

China factory prices plunge as virus hammers demand

May 12, 2020 - 3:35 PM

China's producer price index – which reflects what factories charge wholesalers – drops in April 2020

Employees work on a truck production line at a factory in Zhangjiakou in China's northern Hebei province on May 12, 2020. - China's factory-gate prices fell to a four-year low, official data showed on May 12, with firms suffering from the economic devastation unleashed by the coronavirus on the global economy. (Photo by STR / AFP) / China OUT

Inflation slips to 2.2% in April 2020 as virus freezes economy

May 05, 2020 - 9:07 AM

(3rd UPDATE) The Philippines' inflation slows down as oil prices plunge, while prices of some food items inch up in April

Sudan inflation soars to above 80% as economic crisis bites

Apr 29, 2020 - 7:30 AM

Sudan remains in deep economic crisis one year after mass protests led to the military ouster of strongman Omar al-Bashir

A woman sells bread crumbs, locally known as "kasra", as a substitute for bread, at the Sudanese capital Khartoum, on April 9, 2020. - The Sudanese authorities yesterday announced a rise in the price of bread in the capital, nearly a year after the fall of president Omar al-Bashir. A tripling of the price of bread had been the trigger for street protests against Bashir in December 2018 (Photo by ASHRAF SHAZLY / AFP)

Canada inflation slows 'the most since 2006'

Apr 22, 2020 - 11:50 PM

The slowdown in Canada's inflation rate for March 2020 is mainly due to an 11.6% drop in energy prices

SCHOOL'S OUT. A man in a mask sits on a bus on campus at Western University in London, Ontario on March 13, 2020. Photo by Geoff Robins/AFP

Virus shutdowns erode U.S. inflation in March 2020

Apr 10, 2020 - 11:40 PM

Declines in sectors affected by the coronavirus outbreak fuel the drop in the United States' inflation rate

(FILES) In this file photo taken on January 27, 2020, American Airlines planes are seen as passengers wait at O'Hare International Airport in Chicago. - Falling gasoline, hotel and airfare prices pushed US inflation down in March, according to government data released on April 10, 2020, as the coronavirus outbreak kept people at home. The Labor Department data is yet another sign of how lockdown measures to stop the spread of COVID-19 upended the economy, leading some 17 million people to lose their jobs in just three weeks as businesses were shuttered nationwide. (Photo by Brendan Smialowski / AFP)

China inflation slows as lockdowns ease

Apr 10, 2020 - 6:15 PM

China's inflation rate eases in March 2020 due to weak oil prices and suppressed demand caused by drastic coronavirus measures

WUHAN. A general view of a road in Wuhan, China's central Hubei province on March 28, 2020, after travel restrictions into the city were eased following two months of lockdown due to the COVID-19 coronavirus outbreak. Photo by Hector Retamal/AFP

Coronavirus triggers lower inflation at 2.5% in March 2020

Apr 07, 2020 - 9:09 AM

(UPDATED) Inflation slows down in March as economic activity grinds to a halt due to the coronavirus pandemic

China inflation slips but stays high on coronavirus, food worries

Mar 10, 2020 - 9:30 PM

Analysts say China's inflation rate is likely to remain elevated for some time due to the novel coronavirus outbreak

A customer (L) shops for pork at a market in Beijing on October 15, 2019. - China's consumer inflation accelerated at its fastest pace in almost six years in September as African swine fever sent pork prices soaring nearly 70 percent, official data showed on October 15. (Photo by WANG Zhao / AFP)

Zimbabwe inflation soars to 540%

Mar 09, 2020 - 7:45 PM

The inflation rate in Zimbabwe surges to 540.16% in February 2020

TOUGH TIMES. Emily Maphosa, 78, cooks on March 2, 2019, at her home in Emakhandeni Bulawayo, Zimbabwe. Her country's economic situation has dramatically deteriorated. Photo by Zinyange Auntony/AFP

Inflation slows down to 2.6% in February 2020

Mar 05, 2020 - 9:06 AM

(3rd UPDATE) Transport and utility costs in the Philippines go down, as the novel coronavirus places downward pressure on global crude oil prices

China inflation rises as coronavirus disrupts supply chains

Feb 10, 2020 - 10:20 PM

Consumer prices in China increase at their highest rate since October 2011, partly due to the novel coronavirus outbreak

This photo taken on February 9, 2020 shows people wearing protective masks buying meat in Hangzhou in China's eastern Zhejiang province. - China consumer prices rose at their highest rate in more than eight years, official data showed February 10, with inflation more than expected on the back of Lunar New Year demand and a deadly virus outbreak. (Photo by STR / AFP) / China OUT

Venezuela 2019 inflation close to 10,000%, says central bank

Feb 06, 2020 - 3:05 AM

Venezuela's central bank says inflation reached 9,585% in 2019. The opposition-controlled parliament puts it at 7,374%.

View of a tree decorated with banknotes which are worthless -as a result of inflation- as people queue at a gas station in Caracas, on March 10, 2019, during a power outage. - National Assembly leader Juan Guaido said Sunday he will ask the Venezuelan legislature to declare a "state of alarm" in order to request international aid amid a massive power outage. (Photo by YURI CORTEZ / AFP)

Inflation inches up to 2.9% in January 2020

Feb 05, 2020 - 9:02 AM

(UPDATED) Inflation picks up in January, but remains within the Philippine government's target range

China inflation flattens as surge in pork prices slows

Jan 09, 2020 - 5:10 PM

China's inflation is steady at 4.5% in December 2019, but pork prices remain high due to the African swine fever outbreak

SURGING INFLATION. A customer shops for pork at a market in Beijing on October 15, 2019. Photo by Wang Zhao/AFP

Inflation jumps to 2.5% in December, overall 2019 figure within target

Jan 07, 2020 - 9:07 AM

(UPDATED) Transportation expenses go up, but low rice prices keep inflation within target in December 2019

Inflation inches up to 1.3% in November 2019

Dec 05, 2019 - 9:03 AM

(UPDATED) Inflation jumps in November, as expected by analysts

Salary increase in Philippines seen to outpace inflation in 2020

Dec 03, 2019 - 4:15 PM

Employees in the consumer goods, energy, and tech sectors are seen to get the highest salary increases in 2020

Filipinos shift to chicken and beef as African swine fever spreads

Nov 05, 2019 - 5:20 PM

African swine fever does not harm humans, yet it appears consumers are avoiding pork. The shift to chicken and beef has pushed up prices.

Inflation further slows to 0.8% in October 2019

Nov 05, 2019 - 9:05 AM

(UPDATED) Inflation in the Philippines is at its slowest pace in over 3 years

[ANALYSIS] Duterte the Defeatist

Oct 24, 2019 - 12:03 PM

It’s one thing for presidents – or any leader for that matter – to make mistakes. But it’s a different thing altogether for them to give up as a matter of habit.

China inflation surges in September 2019 as pork prices soar

Oct 15, 2019 - 8:50 PM

Inflation in China hits 3% in September 2019, the highest since November 2013

A customer (L) shops for pork at a market in Beijing on October 15, 2019. - China's consumer inflation accelerated at its fastest pace in almost six years in September as African swine fever sent pork prices soaring nearly 70 percent, official data showed on October 15. (Photo by WANG Zhao / AFP)

[ANALYSIS] Why free-falling inflation is not all good

Oct 08, 2019 - 11:32 AM

A sharp drop in inflation is not an unalloyed boon. As they say, keep everything in moderation.

Inflation cools to 0.9% as rice prices drop in September 2019

Oct 04, 2019 - 9:02 AM

(UPDATED) Rice prices drop further in September 2019, but still not as low as the economic team had hoped

Bangko Sentral cuts interest rates again as inflation weakens

Sep 26, 2019 - 5:30 PM

The Bangko Sentral ng Pilipinas trims the benchmark interest rate by 25 basis points for the 3rd time in 2019

Why Mimaropa's inflation rate remains higher than Philippine average

Sep 05, 2019 - 7:10 PM

Food prices are down, but what's causing prices of goods in Mimaropa to remain high?

Inflation continues downtrend at 1.7% in August 2019

Sep 05, 2019 - 9:05 AM

(3rd UPDATE) The inflation rate for August 2019 is even lower than the government's target range of 2% to 4%

Inflation remains low at 2.4% in July 2019

Aug 06, 2019 - 9:00 AM

(UPDATED) Inflation remains within target for the 6th straight month, but economists warn of the so-called base effect

Coast Guard gets new high-speed boats, trucks to boost capabilities

Jul 25, 2019 - 9:48 PM

Other new assets include rubber boats and fully equipped ambulances useful in disaster response and rescue operations

NEW ASSETS. Turnover and blessing ceremony of newly procured Philippine Coast Guard Assets at PCG headquarters in Manila on July 25, 2019. Photo by Lito Borras/Rappler

Duterte's economic team sees stable inflation until his term ends

Jul 18, 2019 - 7:15 PM

Economic managers project inflation to settle between 2.7% and 3.5% in 2019, far from the rates experienced last year

[ANALYSIS] Praise Duterte for lowering inflation? He didn’t do it

Jul 08, 2019 - 4:53 PM

Since we’re coming from very high prices last year, and prices have now stabilized at high levels, we can expect inflation to drop significantly this year – all thanks to the base effect

Inflation slows down to 2.7% in June 2019

Jul 05, 2019 - 9:03 AM

(UPDATED) This is well within the government's target and the lowest inflation rate since September 2017

Inflation, water crisis weaken consumer outlook in Q2 2019

Jun 25, 2019 - 7:25 PM

Consumers were pessimistic, but businesses were upbeat for the 2nd quarter of 2019, according to Bangko Sentral ng Pilipinas surveys

Bangko Sentral keeps interest rates steady, cuts inflation forecasts

Jun 20, 2019 - 5:50 PM

The Bangko Sentral ng Pilipinas maintains monetary policy settings 'for the time being' as it expects lower inflation in 2019 and 2020

RATES STEADY. Bangko Sentral ng Pilipinas Governor Benjamin Diokno holds a press briefing on June 20, 2019. Screenshot from BSP video

China inflation hits highest level in 15 months

Jun 12, 2019 - 4:55 PM

Rising pork and fruit prices lead to higher inflation in China for May 2019

A customer (L) buys meat at a market in Shenyang in China's northeastern Liaoning province on June 12, 2019. - Inflation in China rose to its highest level in more than a year in May driven by surges in pork and fruit prices due to the African swine fever epidemic and bad weather, official data showed on June 12. (Photo by STR / AFP) / China OUT

Weak El Niño caused inflation uptick in May 2019 – NEDA

Jun 05, 2019 - 2:20 PM

'The country needs to have a more robust solution to mitigate the impacts of extreme weather conditions and climate change,' says Socioeconomic Planning Secretary Ernesto Pernia

Inflation inches up to 3.2% in May 2019

Jun 05, 2019 - 9:05 AM

(UPDATED) The Philippines' inflation rate rises in May 2019, the first time that it rose after 6 straight months of slowdowns. Did the central bank cut rates too soon?