Philippines Inflation Rate Lowest in almost 30 years


Philippines annual inflation rate eased to 0.4 percent in September of 2015 from 0.6 percent in August and below market consensus. It is the lowest figure since April 1987, as cost of housing and utilities declined further and prices of food and non-alcoholic beverages continued to slowdown. Core inflation also fell to a fresh record low of 1.4 percent.

Inflation Rate in the Philippines averaged 8.73 percent from 1958 until 2015, reaching an all time high of 62.80 percent in September of 1984 and a record low of -2.10 percent in January of 1959.

In the Philippines, the most important categories in the Consumer Price Index are: food and non-alcoholic beverages (39 percent of total weight); housing, water, electricity, gas and other fuels (22 percent) and transport (8 percent). The index also includes health (3 percent), education (3 percent), clothing and footwear (3 percent), communication (2 percent) and recreation and culture (2 percent). Alcoholic beverages, tobacco, furnishing, household equipment, restaurants and other goods and services account for the remaining 15 percent.

Source: Philippines Inflation Rate | 1958-2015 | Data | Chart | Calendar | Forecast

Advertisements