Philippine inflation in December at 14-year high as food prices jump | via FnBReport
Manila - , the statistics agency said on Thursday. Last month's inflation figure was slightly below the 8.2 percent median forecast in a Reuters poll, but within the central bank's 7.8 percent to 8.6 percent forecast for December. It brought the full-year average rate to 5.8 percent, outside the official two to four percent target band. Core inflation, which strips out volatile food and energy components, rose to 6.
9 percent in December from 6.5 percent in November. Food inflation at the national level rose further to 10.6 percent in December from the prior month's 10.3 percent, largely driven by commodities including vegetables and rice. The Philippine central bank has not ruled out further interest rate hikes in 2023, after raising the benchmark by a total of 350 basis points last year to curb inflation and support a weak peso. https://www.youtube.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Philippine govt ready to help Filipinos affected by coronavirus surge in China | Philippine News AgencyThe Philippine government is on top of the situation to ensure the safety of Filipinos in China amid the reported surge in Covid-19 infections in one of the world's most populous nations, Philippine Ambassador to China Jaime Florcruz said. In an interview on Wednesday, Florcruz said the Philippine Embassy in…
Read more »
Philippine inflation rose further to 8.1% in DecemberInflation in the Philippines went up even higher at 8.1 percent in December 2022 from 8 percent in November, bringing the full-year average to 5.8 percent, according to the Philippine Statistics Authority. | RonWDomingoINQ /PDI
Read more »
Philippine December inflation at 14-year high as food prices jump - BusinessWorld OnlineMANILA – Philippine annual inflation in December accelerated to the fastest pace since 2008 on higher food and energy prices, data showed on Thursday, supporting expectations of more interest rate hikes by the central bank this year. Last month’s inflation figure was slightly below the 8.2% median forecast in a Reuters poll, but within the […]
Read more »
Philippine internet speeds improve in December — Ookla SpeedtestThe latest Ookla Speedtest Global Index report showed increases in both mobile download and fixed broadband speeds for the country in December.
Read more »
Philippine Dec inflation at 14-year high as food prices jumpPhilippine annual inflation in December accelerated to its fastest pace since 2008, driven by spikes in food and energy prices, the statistics agency said on Thursday.
Read more »
Schröck desires future involvement with Philippine football after retirementPhilippine football mainstay Stephan Schröck is open to future opportunities to help grow the sport locally, including possible coaching gigs.
Read more »