Philippines: Inflation plunges to lowest level since December 2020 in December
January 5, 2022
Consumer prices flatlined over the previous month in December, coming in below November's 0.54% increase, amid softer price pressures for food. December's result marked the weakest reading since March.
Inflation dropped to 3.6% in December from November’s 4.2%. December's reading represented the weakest inflation rate since December 2020. Meanwhile, the trend was unchanged, with annual average inflation coming in at November's 4.4% in December. Finally, core inflation fell to 3.0% in December, from November’s 3.3%.