Finally! Inflation in February 2019 falls within target at 3.8%

(3rd UPDATE) Metro Manila sees its lowest inflation rate in 18 months. All other regions also exhibit slower inflation rates.

MANILA, Philippines (3rd UPDATE) – After 11 months of settling above the government’s target band, inflation finally slowed down to 3.8% in February, the Philippine Statistics Authority (PSA) announced on Tuesday, March 5. The government aimed to keep the inflation rate within 2% to 4% – a range which analysts said was desirable for developing economies – but failed to do so in 2018. The latest figure was within poll estimates and the 3.7% to 4.5% range projected by the Bangko Sentral ng Pilipinas (BSP). It is also lower than the 4.4% inflation rate last January. The PSA said the lower inflation figure was due to the slower annual increases in food and non-alcoholic beverages at 4.7%. Read More @ https://www.rappler.com/business/224946-inflation-rate-philippines-february-2019

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Summary Inflation Report Consumer Price Index (2012=100): January 2019

The Philippine’s annual headline inflation at the beginning of 2019 continued to move at a slower pace of 4.4 percent. Its annual rate in December 2018 was 5.1 percent and in January 2018, 3.4 percent. This was primarily due to the slowdown in the annual increment of the index for the heavily-weighted food and non-alcoholic beverages at 5.6 percent, from 6.7 percent in December 2018.

Lower annual increases noted in the indices of the following commodity groups also contributed to the downtrend of the headline inflation rate:

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