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The Philippines formally adopted Inflation Targeting as the framework for Monetary Policy in January 2002. 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.
On July 5, 2018, the inflation rate of the country soared to 5.2%, its highest in 5 years. [24] The inflation rate worsened the impacts of the government's new tax policy, increasing the price of all goods in the country. [25] In September 2018, the inflation rate of the country further increased to 6.7%, its highest in a decade.
(Bloomberg) -- Philippine President Ferdinand Marcos Jr. said inflation is “running rampant and out of control” after data showed price increases quickened to a 14-year high in November.Most ...
This is an accepted version of this page This is the latest accepted revision, reviewed on 16 February 2025. ← 2017 2016 2015 2018 in the Philippines → 2019 2020 2021 Decades: 1990s 2000s 2010s 2020s See also: List of years in the Philippines films music television sports 2018 in the Philippines details events of note that happened in the Philippines in 2018. Incumbents For the current ...
Consumer prices jumped again in June, surging 5.4% on a year-over-year basis and marking the highest annual inflation rate since August 2008.
The Philippine Statistics Authority (Filipino: Pangasiwaan ng Estadistika ng Pilipinas; PSA) is the central statistical authority of the Philippine government that collects, compiles, analyzes, and publishes statistical information on economic, social, demographic, political affairs, and general affairs of the people of the Philippines, as well as enforcing the civil registration functions in ...
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The economy saw continuous real GDP growth of at least 5% since 2012. The Philippine Stock Exchange index ended 2012 with 5,812.73 points a 32.95% growth from the 4,371.96-finish in 2011. [91] The Philippines achieved an investment grade rating for the first time in the first quarter of 2013.