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The Philippines’ inflation target is measured through the Consumer Price Index (CPI). For 2009, inflation target has been set to be 3.5 percent, having a 1% tolerance level, and 4.5 percent for 2010, also having 1% tolerance. Also, the Monetary Board of the Philippines announced a target of around 4±1 percent from 2012 to 2014. [14]
The producer price index, a measure of the prices manufacturers and service providers receive for the goods they sell, jumped 0.5% in April, topping the consensus 0.3% forecast, the Bureau of ...
The Chained Consumer Price Index C-CPI-U, a chained index, has been introduced. The C-CPI-U tries to mitigate the substitution bias that is encountered in CPI-W and CPI-U by employing a Tornqvist formula and utilizing expenditure data in adjacent time periods in order to reflect the effect of any substitution that consumers make across item ...
August 12 – President Marcos declares August 13, 2024 to August 12, 2025, the centennial year for Ilocano master weaver and national living treasure Magdalena Gamayo. [433] August 18 – Nathaniel Tiu is crowned Mister Earth International 2024 in Colombia. [434]
Investors can expect fresh data on inflation, retail sales, and consumer sentiment in the coming week.
The Bureau of Labor Statistics released its August Consumer Price Index (CPI) at 8:30 a.m. ET on Tuesday. Here are the main figures from the report, compared to Wall Street estimates.
The economy of the Philippines is an emerging market, and considered as a newly industrialized country in the Asia-Pacific region. [31] In 2024, the Philippine economy is estimated to be at ₱26.55 trillion ($471.5 billion), making it the world's 32nd largest by nominal GDP and 13th largest in Asia according to the International Monetary Fund .
With One Month Left, COLA for 2025 Forecast at 2.5% According to The Senior Citizens League, Senior Citizens League, email received and accessed September 11, 2024. Consumer Price Index Summary, U ...