High food, oil prices to still drive inflation

Q: How long will it take to read this news story?

The story "High food, oil prices to still drive inflation" has 1365 words across 47 sentences, which will take approximately 6 - 12 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "High food, oil prices to still drive inflation" was covered 11 hours ago by Business Mirror, a news publisher based in Philippines.

Q: How trustworthy is 'Business Mirror' news outlet?

Business Mirror is a fully independent (privately-owned) news outlet established in 2005 that covers mostly business and startups news. The outlet is headquartered in Philippines and publishes an average of 81 news stories per day. It's most recent story was published 11 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #25913596</li><li>URL: https://beamstart.com/news/high-food-oil-prices-to-17387847213008</li></ul>

Business Mirror Logo Business Mirror 11h ago

High food, oil prices to still drive inflation - Business Mirror

Quick Summary:

DESPITE the decline in rice prices, the Philippines still faces a double whammy of high food and oil prices that could lead to faster inflation this year, according to the Philippine Statistics Authority (PSA) and local economists.

In terms of food, Mapa said the PSA will closely monitor meat, fish, and vegetables—the same commodities that posted high inflation in January 2025.

On Wednesday, PSA reported that inflation averaged 2.9 percent in January 2025, faster than the 2.8 percent posted in the same period last year.(See: ).