Inflation slows down in November

PHILIPPINES - In Brief 05 Dec 2018 by Romeo Bernardo

Headline inflation eased to 6.0 percent year-on-year in November from 6.7 percent in October, falling near the lower end of the BSP’s forecast range of 5.8-6.6 percent for the month. This is due largely to slower price increases in selected food items namely rice, meat, fish, fruits, and vegetables, as well as decelerating non-food inflation following the decline in global crude oil prices. However, core inflation accelerated to 5.1 percent from 4.9 percent in the previous month, reflecting second round impacts from previous months’ supply shocks. This may also be seen in rising prices of s...

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