The PSA said inflation clocked in at 4.7% in February 2021 from 4.2% in January 2021. MANILA, Philippines — The country’s inflation rate is projected to decrease in the second half of the year, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said Monday. Video. Official February 2021 inflation data will be released by the Philippine Statistics Authority (PSA) on March 5. The Philippines' inflation rate spiked to 4.7% in February 2021, the highest since the 4.4% recorded in January 2019. Philippines inflation rate for 2017 was 2.85%, a 1.6% increase from 2016. This page provides the latest reported value for - Philippines Core Inflation Rate - plus previous … He, however, maintained these factors are transitory. Ditas B Lopez. Stagflation is a scenario where inflation is high amid slow economic growth and a steadily high unemployment rate. March 5, 2021. Inflation came in at 4.2% in January, up from December’s 3.5% and marking … Siegfrid Alegado . FEATURED VIDEOS. Livestream. MANILA, Philippines — Barcelona-based think tank FocusEconomics raised its 2021 inflation forecast for the Philippines to 3.9 percent from the original target of 3.4 percent. The February inflation print is within the Bangko Sentral ng Pilipinas’ (BSP) forecast range of 4.3% to 5.1%. Siegfrid Alegado. Core consumer prices in Philippines increased 3.30 percent in April of 2021 over the same month in the previous year. January’s upturn was chiefly driven by a quicker growth in prices for food and non-alcoholic beverages. Linkedin. Philippines to Hold Rates as Inflation in Focus: Decision Guide By . Inflation rate settled at 4.5% for the month, slightly lower than the 4.7% in February but quicker than 2.5% a year ago. Inflation Rate Monthly Basis: Twitter. Philippines inflation rate for 2016 was 1.25%, a 0.58% increase from 2015. Inflation in the National Capital Region (NCR) is 4.3%, while in Cagayan Valley it is at 8%, up from 6.6% in December 2020. February 5, 2021. Consumer prices increased a seasonally-adjusted 0.24% in February over the previous month, coming in below the 1.27% rise seen in January. Bangko Sentral ng Pilipinas earlier raised its inflation forecast for the year to 4 percent from 3.2 percent, saying that it would likely remain elevated in the coming months. Headline inflation in the Philippines eased to 4.5 percent in March 2021, after five consecutive months of acceleration. The average price increase of basic goods and services for the first three months of 2021 also reached 4.5 percent. Latest. Web Exclusive. One of these is the further acceleration of the February 2021 inflation rate to 4.7 percent from month-ago’s 4.2 percent due to the impact of the African swine fever and the higher prices of oil in the international market. Higher annual increments were noted in the following indices: food and non-alcoholic beverages; alcoholic … In its 2021 First Quarter Inflation Report, the central bank said the results of its poll of 24 private sector economists showed that the mean inflation forecast for 2021 surged to 4.3 percent from 2.9 percent. Consumer Price Index: CPI 127.80 points in January 2021 and last year 122.60 points in January 2021.CPI increases 5.20 points in January 2021 year on a year basis. Inflation Rate increases 0.74% than the previous month. Economists are seeing faster inflation rate this year as risks tilt to the upside, according to a Bangko Sentral ng Pilipinas (BSP) survey. (File photo) MANILA – The country’s inflation rate slowed down to 4.5 percent in March from the previous month’s 4.7 percent on the back of cheaper food prices, the Philippine Statistics Authority (PSA) reported on Tuesday.. Lawrence Agcaoili (The Philippine Star) - March 26, 2021 - 12:00am . The inflation rate year over year is 3.3% (compared to 3.5% for the previous month). This is the highest inflation recorded since February 2019. Philippines: Inflation hits over two-year high in February. African swine fever has had a profound effect on pork supplies, which has affected prices. Last month,itwas recorded at4.2percent and in February2020, 2.6percent. INFLATION eased in March after five straight months of acceleration, as food prices increased at a slower pace, the government’s statistical agency reported on Tuesday. Monthly inflation rate in the Euro area February 2021 Consumption volume coconut oil Philippines 2009-2020 Magazine advertising average inflation in the United Kingdom (UK) 2014-2020 UOB Group’s Senior Economist Julia Goh and Economist Loke Siew Ting comment on the recent inflation figures release in the Philippines. and . This is also faster than the 2.6% rate recorded in February 2020. Reporters. Inflation from March 2021 to April 2021 was 0.0%. Philippines inflation rate for 2018 was 5.21%, a 2.36% increase from 2017. This brings the average inflation of the country for the first quarter of 2021 at 4.5 percent. MANILA, Philippines — Inflation or rate of increase in the prices of goods and services slightly slowed down in March due to slower price movement of food and non-alcoholic beverages, data released Tuesday by the Philippine Statistics Authority (PSA) showed. In February, inflation reached its 26-month high of 4.7 percent. However, this is … Facebook. Core Inflation Rate in Philippines averaged 3.78 percent from 2001 until 2021, reaching an all time high of 7.25 percent in October of 2008 and a record low of 1.40 percent in September of 2015. DA at DTI, magtatakda ng bagong srp sa imported … Sections. Philippines: Inflation hits two-year high in January. Philippines Inflation February 2021. IMReady. Headline inflation in the Philippines continued its uptrend as it went up further to 4.2 percent at the beginning of 2021. The PSA said the consumer price index was recorded at 4.5% in March, slightly slower than 4.7% registered in February. This is the fastest inflation rate since January 2019 when it was recorded at 4.4%. The overall inflation was primarily pushed up by the higher annual increment of the heavily-weighted food and non-alcoholic … The Zamboanga Peninsula has the lowest inflation figures at 0.2%. Inflation forecast for 2021 downscaled, 2022 projection hiked After announcing revised projections last March, the BSP once again adjusted its inflation forecasts for 2021 and 2022 this May. GMA News TV Shows. This page provides the latest reported value for - Philippines Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. 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