Philippines: Inflation stable in April
May 5, 2016
In April, consumer prices increased 0.2% over the previous month, inching up from the 0.1% increase recorded in March. April’s reading mainly reflected higher prices for food and for electricity, gas and other fuels.
Inflation was at 1.1% in April, which was in line with the 1.1% recorded in March. Moreover, annual average inflation inched down from 1.1% in March to 1.0% in April. In fact, the Central Bank uses annual average inflation as a guide for monetary policy.
Core consumer prices, which exclude volatile items such as food and oil, rose 0.3% in April over the previous month, exceeding March’s 0.1% reading. Finally, core inflation inched down to 1.7% from 1.8% in March.