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Spike in food prices seen following ‘Yolanda’

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FILE PHOTO

Consumers can expect a slight uptick in commodity prices this month as a result of damage caused by typhoon Yolanda on key food-producing areas of the country, the Bangko Sentral ng Pilipinas (BSP) said.

Posted: November 10th, 2013 in Editor's Pick,Headlines | Read More »

Regulator expects food prices to drop in Q4

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The rate of increase in food prices is expected to decelerate in the remaining months of the year as farmers begin to harvest crops this early in the season to ensure ample supply for the public.

Posted: October 11th, 2013 in Editor's Pick,Headlines | Read More »

Euro soars to 7-month high vs dollar

In this Associated Press file photo, prices for shoes sit on display on a shelf at a Sears store, in Henderson, Nev. A steep fall in gas costs pushed down a measure of U.S. consumer prices in December, keeping inflation mild. The seasonally adjusted consumer price index dropped 0.3 percent in November from October, the Labor Department said Friday, Dec. 14, 2012. Gas prices fell 7.4 percent, the steepest drop in nearly four years. That offset a 0.2 percent rise in food prices. AP Photo/Julie Jacobson

Stronger manufacturing data from China pushed the euro to a seven-month high against the dollar Friday. Traders also sold the dollar after a report showed that U.S. inflation has remained mild, leading traders to anticipate that the Federal Reserve will keep interest rates low.

Posted: December 15th, 2012 in Latest Business Stories | Read More »

Prices of basic goods stable, says DTI

INQUIRER FILE PHOTO

The prices of basic commodities stayed generally stable and within the suggested retail price, the Department of Trade and Industry (DTI) said Thursday.

Posted: August 10th, 2012 in Latest Business Stories | Read More »

Supply disruptions seen to hike food prices

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Customers buy vegetables in Manila's farmers market in this file photo.. Inflation in February fell below 3 percent for the first time in more than two years on lower food and utility prices, the government said Tuesday, March 6, 2012.   AFP PHOTO / JAY DIRECTO

The devastating monsoon rains that paralyzed most of Luzon and parts of the Visayas this week are seen to cause a disruption in the supply of some agricultural products and, therefore, a temporary spike in food prices.

Posted: August 9th, 2012 in Latest Business Stories | Read More »

Hike in food prices expected to accelerate in August

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The increase in food prices may accelerate this month given the devastation to some agricultural areas caused by Typhoon Gener, but overall inflation is likely to remain within expectations.

Posted: August 3rd, 2012 in Headlines | Read More »

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