December inflation drops

PHILIPPINES - In Brief 04 Jan 2019 by Romeo Bernardo

The headline inflation rate fell sharply to 5.1 percent from 6.0 percent in November, with the price level falling for the second straight month. Similarly, core inflation eased to 4.7 percent in December from 5.1 percent in the previous month, indicating diminishing second round impacts.The lower December inflation outturn was due mainly to slower increases in the prices of food items, particularly rice, vegetables, and sugar as supply-side issues subsided. The decreases in gasoline and diesel prices also drove down transport inflation. Meanwhile, higher annual mark-ups were noted for clot...

Now read on...

Register to sample a report

Register