Forex - Philippines Inflation eased more than expected to 6.0% y/y in November


 01:40 (GMT) 05 Dec

  [Economic Data]

Sample Premium Content
Philippines Inflation eased more than expected to 6.0% y/y in November (0101-GLGR-C01)

Philippines inflation eased more than expected to 6.0% y/y in November, from 6.7% y/y prior. Further breakdown of the figure revealed that price increases in food and non-alcoholic beverages have slowed down to 8.0% y/y in November from 9.4% y/y prior, contributing to easing inflationary pressures. A drop in oil prices recently also helped to ease overall inflation. A series of monetary policy tightening by Bangko Sentral ng Pilipinas (BSP) and continual reform in rice imports start to gradually work its way through the economy, likely to further ease inflationary pressures going forward.


CurrenciesCountriesMarket Bulletins

Latest Currency Analysis

Available to subscribers only
Order Now