Philippines Inflation Rates Steady at 2.3% in October


Consumer prices in Philippines rose 2.3 percent year-on-year in October 2016, the same pace as in September while market expected a 2.4 percent rise. Prices of food and non-alcoholic beverages increased at a faster pace while inflation of housing and utilities were steady.

Year-on-year, prices of heavily-weighted food and non-alcoholic beverages increased by 3.4 percent (from + 3.1 percent rise in September). Cost also went up for: alcoholic beverages and tobacco (+6.1 percent from +6.2 percent), clothing and footwear (+2.8 percent from +2.7 percent); furnishing, households equipment and routine maintenance (+2.4 percent from +2.3 percent), health (+2.6 from +2.7 percent), transport (+0.2 percent from +0.2 percent), communication (+0.1 percent from +0.1 percent), recreation and culture (+1.8 percent from +1.7 percent), education (+1.8 percent from +1.8 percent) and restaurant and miscellaneous goods and services (+2.4 percent from +2.4 percent). Inflation was steady for housing, water, electricity, gas and other fuels (+0.9 percent).

Core consumer prices also rose 2.3 percent from a year earlier, similar to the previous month's figure. 

On a monthly basis, consumer prices rose 0.2 percent, the same as in September. Prices were higher for: food and non-alcoholic beverages (+0.4 percent), alcoholic beverages and tobacco (+0.1 percent), clothing and footwear (+0.2 percent), housing, water, electricity, gas and other fuels (+0.1 percent); furnishing, households equipment and routine maintenance (+0.1 percent), health (+0.1 percent), transport (+0.2 percent), recreation and culture (+0.1 percent) and restaurant and miscellaneous goods and services (+0.1 percent). Cost remained unchanged for communication and education.


Philippines Inflation Rates Steady at 2.3% in October


Statistic of Philippinesl | chusnul Ch Manan@tradingeconomics.com
11/4/2016 3:50:41 AM