GROUP 1

ECONOMIC REPORT
GROUP MEMBERS:
BENAVIDEZ, RUSSEL ERAN
DELA CRUZ, NOVELYN
ESQUIVEL, CHERISH JOY
JOSE, ANGELA DAWN
MALLARI, CAREWYN
NOOL, LHILET
OCTAVIANO, AARON
ROMERO, ROSEDALE
 INFLATION RATE
10.00%

9.00%
8.70% 8.60%
8.00%
7.60%
7.00%
6.60%
6.00%

5.00%

4.00%

3.00%

2.00%

1.00%

0.00%
Jan Feb Mar Apr

Inflation Rate marginally slowed down to 6.6% in April, 7.6% in March, 8.6% in February
from 8.7% in January 2023, as price increases of certain food commodities and energy
eased.
 FOREIGN EXCHANGE
55.6
55.495
0
55.4

55.2

55 54.9324
0
54.8549
0
54.8
0
54.7319
54.6

54.4

54.2
JANUARY FEBRUARY MARCH APRIL

Series2

The rate of foreign exchange from January is 54.9324 but it dropped to 54.8549 in February and
54.7319 in March. When the April comes, the rate increased to 55.495.
 6,850.00

6,793.25
6,800.00 0

6,750.00

6,700.00

6,650.00 6,625.08
0
6,600.00
6,556.20
6,550.00 0

6,500.00 0
6,499.68
6,450.00

6,400.00
PHILIPPINE STOCK EXCHANGE INDEX
6,350.00
january february march april

The foreign exchange in the month of January is 6,739.25 and it dropped in a month of February
which is 6,556.20. As the March comes, from 6,556.20 still dropped to 6,499.68. And, as for April,
from 6,499.68 increased to 6,625.08.
 EMPLOYMENT RATE
95.32%

95.30%

95.28%

95.26%

95.24%

95.22%

95.20%

95.18%

95.16%

95.14%
Jan Feb Mar Apr

Employment Rate was registered at 95.2% in January and February, 95.3% in March
and April, An increase from 93.6% in 2022.
 UNEMPLOYMENT RATE
4.82%

4.80%

4.78%

4.76%

4.74%

4.72%

4.70%

4.68%

4.66%

4.64%
Jan Feb Mar Apr

Unemployment Rate in January and February was estimated at 4.8%, In March and April
was estimated at 4.7%. Lower than the unemployment rate last 2022.
 PHILIPPINE POPULATION
114,200,000
114,097,802
114,000,000

113,800,000 113,771,856

113,600,000 113,600,485

113,400,000 113,412,933

113,200,000

113,000,000
January February March April

From 114,097,802 of the Population of Philippines in January’s population was

decreased from January to April.
 PRICE MONITORING OF
SELECTED COMMODITIES IN
NUEVA ECIJA
 COOKING OIL
68

67.5 67.5

67

66.5

66

65.5

65 65 65

64.5

64

63.5
FEBRUARY MARCH APRIL

The price of cooking oil from February is 67.5 and drops from 67.5 to 65 in the month of
March and April due to reduction of international prices and reduced import duty.
 DIESEL
63
62.312
62

61

60

59 58.944
58

57 56.772
56

55

54
FEBRUARY MARCH APRIL

Diesel data was reported at 56.772 PHP/l in Apr 2023. And 58. 944 PHP/I in Mar
2023. This records a decrease from the previous number of 62. 312 PHP/l for Feb
2023.
 RED ONION
180

160
155
140

120

100
95
80 80

60

40

20

0
FEBRUARY MARCH APRIL

From the month of February, the price of red onion is 155 per kilo due to myriad of shortages,
plant pests, climate, inflation and importation have caused the price to soar. But for the month of
March the red onion drops 60 pesos and when the April comes, the price drops 75 pesos.
 TOMATOES
35

30
28.75

25 25

21.25
20

15

10

0
FEBRUARY MARCH APRIL

The farm gate price of tomatoes increase to 5 pesos from 21.25php to 28.75php per kilogram
for the month of March and dropped to 3 pesos or 25php per kilo when the April comes amid
over supply in the market.
 MILK FISH
210
207.5
205

200 200

195

190

185 185

180

175

170
FEBRUARY MARCH APRIL

As for the month of February, the price of milk fish is expensive due to the cold weather that the
consumers agreed which is 207.5php. For the month of march the price of the milk fish drops
from 207.5php to 200php. And, as April comes, the price of the milk fish dropped to 185php.
 CHICK EN MEAT
192

190 190 190

188

186

184

182.5
182

180

178
FEBRUARY MARCH APRIL

The price of the chicken meat from the month of February is 190php. The price dropped to
189.5php due to several factors, including rising price of inputs and poultry diseases. And for
the month of April, the price came back to 190php due to very strong consumer demand.
 PORK MEAT
355
350 350
345 345
340
335
330
325
320 320
315
310
305
FEBRUARY MARCH APRIL

The price of pork meat around February is 350php per kilo, while the price of pork meat in
March dropped to 320php. Meanwhile the price of pork meat in April increase from 320php to
342php due to African swine fever (ASF).
MONITORING OF WEATHER DISTURBANCE IN
NUEVA ECIJA

TYPHOON/ PERIOD SIGNAL

HABAGAT

AMANG APRIL 11-13 2023 #1

FROM JANUARY 2023 TO APRIL THERE’S ONE TYPHOON NAMED

AMANG AROUND 11-13 OF APRIL 2023. NUEVA ECIJA IS IN SIGNAL #1
THAT TIME.
 AVERAGE RATE
900
800 783.3
700 680
600 625
500 533.3 512.5
400 375 400 375
358.3
300 313.3 300
200 230
100
0
3 3 3 3 3 3 3 3 3 3 3
0 23 202 202 2 02 202 2 02 2 02 202 202 202 202 202
2 , , 5, , , , , , , , ,
1 2, -19 -26 H -12 -19 -26 02 -09 -16 -23 -30
06
- 13 20 RC 06 13 20 RI
L 03 10 17 24
Y Y H H H P L L L L
RY A
R
A
R M
A
RC RC RC - A P RI P RI P RI P RI
A - A A A 7
R U
B RU B RU 27 M M M H
2 A A A A
B Y
FE FE FE A
R RC
A
B RU M
F E