Philippines Inflation

Philippines

Philippines: Inflation accelerates in April

May 4, 2012

In April, consumer prices added 0.78% over the previous month, which more than tripled the 0.23% rise observed in March. The result mainly reflected an increase in housing as well as in food prices. As a result, annual headline inflation rose from 2.6% in March to 3.0% in April. Nevertheless, annual average inflation, which is the reference rate used by the Central Bank as a guide for monetary policy, edged down from 4.4% in March to 4.2% in April. The Central Bank expects inflation to settle within its target of 4.0%


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Philippines Inflation Chart


Philippines Inflation April 2012

Note: Annual and monthly variation of consumer price index in %.
Source: National Statistics Office (NSO).


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