May inflation ticked up to 3.9%

Defining the News

Inflation rate ticked up to 3.9 percent in May 2024 from 3.8 percent in April 2024, the Philippine Statistics Authority said Wednesday.

The National Economic and Development Authority said the government is continuously stepping up efforts against persistent inflation drivers following the slight rise in headline inflation. The slowdown of food inflation for the month was primarily due to the slower increase in the prices of vegetables, tubers, plantains and cooking bananas to 2.7 percent in May from 4.3 percent in April.

Balisacan said the NEDA Board approved the extension until 2028 of the reduced tariff rates on corn, pork, and mechanically deboned meat under Executive Order No. 50, s. 2023.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

MlaStandard /  🏆 20. in PH

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

President Marcos says he is still open to WPS talks with ChinaDefining the News
Read more »

Gordon hails Ombudsman for indicting officials in Pharmally messDefining the News
Read more »

Sleep divorce anyone?Defining the News
Read more »

Senator says Guo's mom may be Chinese, to move for her expulsion from NPCDefining the News
Read more »

CSC: Public may now apply for written tests until June 3Defining the News
Read more »

DPWH unveils infrastructure projects for CalabarzonDefining the News
Read more »