asdasdasdasdadsadas

1. PEREZ, JONH ASHLEY A
BCAED IV
PH inflation hits 32-month high at 4.9%
in August
By Joann Villanueva
MANILA – Rate of price increases accelerated to its fastest since January 2019 at 4.9 percent
last August but the Bangko Sentral ng Pilipinas (BSP) maintains that inflation outlook remains broadly
balanced and expects within-target level by end-2021.
BSP Governor Benjamin Diokno, in a Viber message to journalists on Tuesday, said the August 2021
inflation rate is within the central bank’s 4.1 to 4.9 percent forecast range for last month and is in line
with the central bank’s “assessment that inflation could settle close to the high end of the target range
in the near term before decelerating back to within the target range by year-end.”
“The risks to the inflation outlook remain broadly balanced over the policy horizon,” he said.
He traced the upside risks to inflation and aggregate demand to “the uptick in international commodity
prices due to supply-chain bottlenecks and the recovery in global demand.”
He, however, said these factors are seen to be countered by “the emergence of new coronavirus
variants” since this factor leads to “stricter lockdown measures and delayed reopening of the
economy.”
Inflation rose from last July’s 4 percent due mainly to increases in the heavily-weighted food and
alcoholic beverages index.
This brought the eight-month average inflation to 4.425 percent, which is above the government’s 2 to
4 percent target band. The year-ago inflation rate is at 2.4 percent.
Diokno said the inflation rate for 2022 to 2023 “will likely fall towards the midpoint of the target,
supported by the continued and timely implementation of non-monetary measures and reforms to
address directly supply-side pressures on key food items.”
“Looking ahead, the BSP stands ready to maintain its accommodative monetary stance for as long as
necessary to support the economy’s sustained recovery to the extent that the inflation outlook would
allow,” he added. (PNA)

2. SUMMARY
The Philippines' annual inflation rate increased to 4.9 percent in August 2021, up from 4.0
percent the previous month and above the market consensus of4.4 percent. This was the greatest
level of consumption since December 2018, according to an increase in COVID-19 vaccines.
Food and non-alcoholic beverages (6.5 percent vs. 4.9 percent in July), alcoholic beverages and
tobacco (10.3 percent vs. 10.2 percent), clothing (1.8 percent vs. 1.7 percent), housing (3.1
percent vs. 2.6 percent), furnishing and household maintenance (2.5 percent vs. 2.3 percent),
health (3.1 percent vs. 3.1 percent), transportation (7.2 percent vs. 7.2 percent), communication
(0.3 percent vs. 0.3 percent), health (3.8 percent vs 3.6 percent). Furthermore, the cost of
entertainment and culture has increased (0.5 percent vs -0.7 percent). The most recent result is
higher than the central bank's target range of 2 to 4%. After a 0.4 percent increase in July,
consumer prices jumped by 0.6 percent in August, the biggest in seven months.
https://tradingeconomics.com/philippines/inflation-cpi

3. What is the author’s point of view?
Based on her article written above, she shows that inflation
rate increase starts to sky rocketed when the pandemic starts.
Starting on January as you can clearly see on the table above
from 3.2 it increases 4.5- 4.7 in just a week. It obviously shows
that January 2021 or when the pandemic emerges in Philippines
the rate of foods and beverages starts to increase it prices due to
increase of demand. The authors show that in a short period of
time the inflation in Philippine increase as if it is almost 3 years of
inflation.
What is his stand on the issue?
Based on her article he didn’t seem to like the
increase of inflation because it can affect the
society and follows the rate of economy.
Is he not in favor of the issue?
I think she is not in favor in it. But I think
there is no person that is in favor in this kind
of issue, because not just in affect the economy
but also it can affect individual
Is he in support of the issue?
No, inflation rate can be critical to the economy
and change demand of the consumers and
start to hoard goods and have a supply
shortage.
Is he biased or neutral?
The article is showing the facts when it comes to the
inflation rate it is based on the government findings
and trading economics so she is being neutral in this
article.