DBCC revising targets as inflation improves

Quick Summary:

THE better-than-expected inflation print in September has raised the optimism of the economic team enough to consider an upward revision in the targets set by the Development Budget Coordination Committee (DBCC).

Rice prices alone only posted an inflation rate of 5.7 percent, the slowest since the 4.2 percent posted in July 2023.Cai U.

Mapa said the slowdown in inflation was driven by cheaper food and non-alcoholic beverages, which accounted for 69.1 percent of the downtrend.

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Article Details

Author / Journalist: Cai U. Ordinario and Reine Juvierre S. Alberto

Category: BusinessStartups

Markets: Philippines

Topics: Dbcc Year Budget Food Inflation Economic Pangandaman Meeting 2024 Happy Percent

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-07 @ 20:35:33 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 970 words

Reading Time: 6 minutes read

Sentences: 46 lines

Sentence Length: 22 words per sentence (average)

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Copyright Owner: © Business Mirror

News ID: 22934661

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