Philippines Inflation Rate Holds Steady at 3-Month Low


Consumer prices in the Philippines rose 3.3 percent year-on-year in December of 2017, the same as in the previous month. The inflation rate remained at its lowest in three months and matching market expectations.

In December, prices increased at a slower pace for: housing, water electricity, gas & other fuels (3.8 percent from 4.2 percent in November); transport (2.4 percent from 4.4 percent), and recreation and culture (1.5 percent from 1.6 percent), while inflaton was steady for: clothing and footwear (1.8 percent ); communication ( 0.4 percent); education (2.2 percent), and health (2.2 percent).

Prices of heavily-weighted food and non-alcoholic beverages  increased by 3.5 percent, after a 3.2 percent rise in the preceding month. Cost continued to rise for: restaurant & miscellaneous goods & services (3 percent from 2.9 percent in November); alcoholic beverages & tobacco (6.4 percent from 6.1 percent), furnishing, household equipment and routine maintenance (1.9 percent  from 1.8 percent).

Core consumer prices went up 3 from a year earlier from 3.3 percent gain in the prior month.
 
On a monthly basis, consumer prices rose 0.3 percent, following a 0.5 percent rise in November. Prices increased for most categories: food (0.5 percent); transport (0.4 percent); alcoholic beverages & tobacco (0.9 percent); clothing & footwear (0.1 percent); furnishing, household maintenance and routine maintenance (0.2 percent); health (0.1 percent); recreation  and culture (0.1 percent), and restaurant and miscellaneous goods and services (0.3 percent). In contrast, prices fell for housing, water, electricity, gas & other fuels (-0.1 percent). Cost was flat for education and communication.
 


Philippines Inflation Rate Holds Steady at 3-Month Low


Philippine Statistics Authority l Chusnul Ch Manan | chusnul@tradingeconomics.com
1/5/2018 5:17:42 AM