psa inflation ratemsci world ticker

Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. The annual inflation rate in the Philippines unexpectedly was at 2.7 percent in July 2020, compared with market consensus and June's figure of 2.5 percent. CNN and the CNN logo are registered marks of Cable News Network, Inc., displayed with permission. PSA said inflation in Metro Manila was also higher at 2.2 percent in July 2020 compared to the 2.0 percent in June. June inflation rate reached 3-month high of 2.5%—PSA posted July 07, 2020 at 08:40 pm by Julito G. Rada Inflation rate in June 2020 picked up to a three-month high of 2.5 percent from 2.1 percent in May, led by increases in transport, alcoholic beverage, tobacco and fuel prices, the Philippine Statistics Authority said Tuesday. The headline inflation rate accelerated to a six-month high of 2.7 percent in July from 2.5 percent in June and 2.4 percent in July 2019. It was highest in Bicol at 4.2 percent.The country's poorest families were hit harder by price adjustments, with inflation among the 30 percent lowest income-earning households settling at 2.9 percent.

It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. However, the reported inflation rate is lower as compared to its inflation rate in the previous year (4.7%). At the same time, inflation was steady for housing & utilities (at 0.2%), health (at 2.8%), communication (at 0.3%), restaurant and miscellaneous goods and services (at 2.4%), and education (at 4.7%). Inflation Rate YoY Inflation Rate YoY Additional upward pressure also came from food (2.7% vs 2.9%),alcoholic beverages & tobacco (18.5% vs 18%), clothing & footwear (2.4% vs 2.4%), furnishing, household equipment and routine maintenance (4.1% vs 4.1%), recreation & culture (1.2% vs 1.4%), health (2.8% vs 2.8%), communication (0.4% vs 0.3%), restaurant and miscellaneous goods and services (2.3% vs 2.4%), and education (1.6% vs 4.7%). In addition, cost slowed for alcoholic beverages & tobacco (17.9% vs 18%); clothing & footwear (2.6% vs 2.7%); housing & utilities (0.3% vs 1.1%), health (2.8% vs 2.9%), communication (0.3% vs 0.5%), and restaurant and miscellaneous goods and services (2.4% vs 2.6%).

The index also includes health (3 percent), education (3 percent), clothing and footwear (3 percent), communication (2 percent) and recreation and culture (2 percent). The Bangko Sentral ng Pilipinas earlier said that higher oil and rice prices may push costs up, while lower electricity rates and a stronger peso may offset the impact as most of the nation stayed under more relaxed quarantine rules.Food prices, which accounted for the bulk of the overall inflation rate, saw mixed movements. Reference This was the lowest inflation rate since November last year, reflecting weaker economic activity due to the coronavirus outbreak, with transport prices falling further on the back of lower oil prices (-5.6% vs -6.2% in April). November’s headline inflation rate was up from 0.8% in October, albeit slower than the six-percent inflation rate posted in November 2018. "With moderate inflation, the BSP is likely to focus more closely on growth in its policy rate decisions in the months ahead," HSBC economist Noelan Arbis said, pointing out an expected "sizeable" contraction of the economy in the second quarter. In a press briefing, National Statistician Dennis Mapa said transportation costs saw the biggest increase year-on-year.

... PSA said, from 3.3 percent during the same period in 2019.

Inflation Rate YoY Meanwhile, health-related expenses steadied versus a year ago.By location, prices rose faster in the provinces at 2.9 percent, against a 2.2 percent average in Metro Manila.

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