Topics

Posted 9/5/2023, 2:13:16 AM

Philippines inflation unexpectedly quickens to 5.3% in August

Philippine inflation unexpectedly quickened in August due to higher food and transport costs, putting pressure on the central bank to maintain its hawkish stance, and the government may consider reducing rice tariffs to help lower domestic costs.

reuters.com

Relevant topic timeline:

8/28/2023

India’s surging food prices are a problem not just for India

The Indian government's efforts to control food prices, such as imposing taxes and export bans, may help contain inflation domestically but could lead to higher prices globally, particularly for rice, affecting countries that rely on food imports.

9/1/2023

Philippines curbs rice prices as inflation worry mounts

The Philippines has implemented price controls on rice in order to protect consumers from inflated prices and curb inflation, with President Marcos setting maximum prices for regular and well-milled rice.

9/4/2023

S.Korea's inflation quickens above forecast, keeping policymakers on watch

South Korea's annual consumer inflation accelerated to 3.4% in August, the fastest rate since early 2017, raising concerns for policymakers.

9/9/2023

Rice Price Surge Sparks Inflation Fears and Supply Scramble Among Major Importers

Surging rice prices in the Philippines, caused by India's export restrictions, serve as a warning for other major importers as they rush to secure supply and contain rising costs.

9/12/2023

Inflation Eases in August but Remains Above RBI Target Range

India's retail inflation eased in August due to moderating food prices, but remained above the central bank's target range for a second consecutive month, prompting policymakers to remain vigilant.

9/13/2023

Japan Wholesale Inflation Slows for 8th Month, Offers Relief from Past Price Surges

Japan's annual wholesale inflation slowed for the eighth consecutive month in August, providing relief for households and retailers affected by previous increases in raw material imports.

9/13/2023

Inflation Jumps in August, But Slowdown Expected Going Forward

Despite a spike in gas prices, the rise in inflation appears to be easing gradually, with core prices exhibiting a slower increase in August compared to July, suggesting that price pressures are being brought under control.

9/16/2023

Food Prices on the Rise as India Bans Rice Exports

Rising rice prices in Asia, caused by factors such as export restrictions and drought, are expected to have significant spillover effects and could pose challenges for central bankers trying to manage inflation.

9/17/2023

Soaring Inflation and Low Farm Output Drive Up Food Prices in the Philippines

Despite a price cap on rice, rising food price inflation is expected in the Philippines due to a weakening exchange rate with the US dollar and a lack of domestic food production.

9/21/2023

Japan's Inflation Rises to 3.1%, Adding Pressure on BOJ to End Negative Rates

Japanese consumer inflation grew above expectations in August, potentially signaling a move away from negative interest rates as the Bank of Japan meets to discuss its monetary policy.

Topics

Posted 9/5/2023, 2:13:16 AM

Philippines inflation unexpectedly quickens to 5.3% in August

reuters.com

Relevant topic timeline:

8/28/2023

India’s surging food prices are a problem not just for India

9/1/2023

Philippines curbs rice prices as inflation worry mounts

9/4/2023

S.Korea's inflation quickens above forecast, keeping policymakers on watch

South Korea's annual consumer inflation accelerated to 3.4% in August, the fastest rate since early 2017, raising concerns for policymakers.

9/9/2023

Rice Price Surge Sparks Inflation Fears and Supply Scramble Among Major Importers

Surging rice prices in the Philippines, caused by India's export restrictions, serve as a warning for other major importers as they rush to secure supply and contain rising costs.

9/12/2023

Inflation Eases in August but Remains Above RBI Target Range

India's retail inflation eased in August due to moderating food prices, but remained above the central bank's target range for a second consecutive month, prompting policymakers to remain vigilant.

9/13/2023

Japan Wholesale Inflation Slows for 8th Month, Offers Relief from Past Price Surges

Japan's annual wholesale inflation slowed for the eighth consecutive month in August, providing relief for households and retailers affected by previous increases in raw material imports.

9/13/2023

Inflation Jumps in August, But Slowdown Expected Going Forward

9/16/2023

Food Prices on the Rise as India Bans Rice Exports

9/17/2023

Soaring Inflation and Low Farm Output Drive Up Food Prices in the Philippines

Despite a price cap on rice, rising food price inflation is expected in the Philippines due to a weakening exchange rate with the US dollar and a lack of domestic food production.

9/21/2023

Japan's Inflation Rises to 3.1%, Adding Pressure on BOJ to End Negative Rates

Japanese consumer inflation grew above expectations in August, potentially signaling a move away from negative interest rates as the Bank of Japan meets to discuss its monetary policy.