Philippines Inflation Rate At 5-Month Low Of 2.8% In June
Consumer prices in the Philippines rose 2.8 percent year-on-year in June of 2017, following 3.1 percent increase in the previous period and below market expectations of 3.0 percent rise. It was the lowest inflation rate since January as prices of food, housing and utilities, and transport rose at slower paces.
7/5/2017 3:42:22 AM
In June, price increased less than in a month earlier for: clothing and footwear (2.1 percent from 2.2 percent); furnishing, households equipment and routine maintenance (2.1 percent from 2.3 percent); health (2.3 percent from 2.5 percent); transport (2.3 percent from 2.7 percent); housing, water, electricity, gas and other fuels (2.1 percent from 3.5 percent), and recreation and culture (1.1 percent from 1.4 percent). Prices of heavily-weighted food and non-alcoholic beverages also increased by 3.5 percent, slowing from a 3.8 percent rise in May. Cost went up at a faster pace for: alcoholic beverages and tobacco (6.2 percent from 6.1 percent); restaurants and miscellaneous goods and services (1.7 percent from 1.5 percent), and education (2.1 percent from 1.8 percent). Inflation was steady for: communication (0.3 percent)
Core consumer prices slowed to 2.6 percent from a yer earlier, compared to a 2.9 percent gain in May.
On a monthly basis, consumer prices edged up 0.1 percent, compared to a downwardly revised flat reading in a month earlier. Prices increased for: food and non-alcoholic beverages (0.4 percent), alcoholic beverages and tobacco (0.4 percent); clothing and footwear (0.1 percent); furnishing, households equipment and routine maintenance (0.1 percent); health (0.1 percent); recreation and culture (0.2 percent); education (2 percent), and restaurant and miscelleneous goods and services (0.4 percent). In contrast, cost fell for: housing, water, electricity, gas and other fuels (-1.2 percent), transport (-0.3 percent). Cost was flat for: communication