Logo of Phnom Penh Post newspaper Phnom Penh Post - Philippine inflation drops to 3.2%

Philippine inflation drops to 3.2%

Philippine inflation drops to 3.2%

As high demand pushed prices of basic goods upward at a faster pace during the Christmas season, inflation among poor families rose to a five-month high of 2.6 per cent in December last year.

For the entire 2019, the annual national inflation rate for bottom 30-per cent income households nonetheless slowed to an average of 3.2 per cent, down from 7.2 per cent in 2018, the latest Philippine Statistics Authority (PSA) data shows.

In 2019, price increases in the following indices were slower than in 2018: housing and repairs; food, beverages and tobacco; and fuel, light and water, the PSA said.

Prices hikes in the services, clothing and miscellaneous indices were recorded as higher in 2019 than in 2018, according to the PSA.

In December alone, inflation of food, beverages and tobacco rose by a faster 2.5 per cent year-on-year; services, up 3.1 per cent; and fuel, light and water, 3.2 per cent.

Specifically, the food index rose 1.3 per cent year-on-year last month from 0.4 per cent in November.

Last December, prices of fruits and vegetables rose 7.5 per cent year-on-year; fish, up 6.9 per cent; eggs, 6.4 per cent; miscellaneous foods, 2.7 per cent; meat, 1 per cent and corn, 0.9 per cent.

Prices of dairy products also increased 1.4 per cent year-on-year but slower than in the previous month. As for rice, prices continued to drop with a 5.4-per cent year-on-year decline posted in December.

National Statistician Claire Dennis Mapa on Thursday said the PSA starting next month would use 2012 as the new base year in measuring the consumer price index (CPI) for bottom 30-per cent income households, similar to the base of headline and core inflation at present.

The PSA currently uses the year 2000 as base for the inflation rate among poor families.

It will also release the January headline inflation rate and CPI for bottom 30-per cent income households on February 5.



  • Body of woman killed in Bangkok returns

    The Cambodian embassy in Thailand is working to repatriate the body of a casino dealer who was shot dead in Bangkok on Monday night. Ministry of Foreign Affairs and International Cooperation spokesman Kuy Kuong told The Post on Wednesday that officials are preparing paperwork to

  • Chikungunya hits 15 provinces, says gov’t

    Ministry of Health spokeswoman Or Vandine said on Thursday that the chikungunya outbreak in the Kingdom has spread to 15 provinces. Some 1,700 people are now suspected to have the disease. Vandine urged people to prevent its further spread by eliminating shelters for the Aedes aegypti mosquitoes

  • Gov’t exempts visa A and B holders from Covid fees

    Airline passengers who are diplomats and officials of international organisations holding Type A and B visas for travel to Cambodia are exempted from paying Covid-19 testing fees, said the Ministry of Health in its latest adjustment of rules on Wednesday. Health Minister Mam Bun Heng

  • Bill covering dress code draws ire

    Ministry of Interior secretary of state Ouk Kim Lek responded on Tuesday to criticism concerning a draft law that would ban women from wearing overly revealing clothing, saying that input from all parties will be considered as the law moves through the promulgation process. Several

  • Police arrest 29 Chinese for PP kidnapping

    Phnom Penh Military Police arrested 29 Chinese nationals on kidnapping charges on Wednesday. The suspects are said to have abducted three other Chinese nationals from a hotel in Chaktomuk commune, Daun Penh district. The operation took place on Wednesday and was led by two deputy commanders –

  • What’s the deal with Cambodia and China’s FTA?

    Cambodia’s Free Trade Agreement (FTA) with China kicks off a series of FTAs in future but for now, critics wonder what else the parties could bring to the table apart from what it already has to date By the end of this year, Cambodia