Philippines Inflation Rate Accelerates in February


Philippines annual inflation rate inched up to 2.5 percent in February of 2015 from 2.4 percent in January, as mixed movements were observed among commodity groups. Core inflation also accelerated to 2.5 percent annually from a 2.2 percent increase in the preceding month.

Year-on-year, upward pressures came from food and non-alcoholic beverages (4.8 percent); alcoholic beverages and tobacco (3.9 percent); clothing and footwear (3.1 percent); furnishing, household equipment and routine maintenance of the house (2.2 percent); and restaurant and miscellaneous goods and services index (1.5 percent). 

Declines were however, recorded in the housing, water, electricity, gas and other fuels and transport indices at corresponding rates of -1.1 percent and -0.5 percent. The annual movement in communication index went down by 0.1 percent. The rest of the commodity groups retained their previous month’s rates.

On a monthly basis, consumer prices increased 0.1 percent, following a 0.4 percent rise in January. Prices declined for food and non-alcoholic beverages (-0.4 percent) and communication (-0.1 percent). While cost remained stable for education (+0.0 percent) and restaurant and miscellaneous goods and services (+0.1 percent), prices moderated for alcoholic beverages and tobacco (+0.5 percent); furnishing, household equipment and routine maintenance (+0.2 percent); health (+0.1 percent).

In contrast, prices rose for: housing, water, electricity, gas and other fuels (+0.9 percent); transport (+1.0 percent) and recreation and culture (+0.2 percent). 

Philippines Inflation Rate Accelerates in February


National Statistics Office l Rida Husna l rida@tradingeconomics.com
3/5/2015 11:57:58 AM