The annual inflation rate in the philippines edged up to 3.9% in may 2024 from 3.8% in the previous month, coming less than market estimates of 4%. This brings the national average inflation from january to may 2024 to 3.5 percent.
Inflation rates are expected to temper between 3.2 and 3.6 percent in 2024 after ending 2023 at 6.0 percent, above the 2.0 to 4.0 percent target range set by the. Us industrial production and retail sales figures, will be tracked for second quarter gdp growth momentum.
Economists Surveyed By The Bangko Sentral Ng Pilipinas (Bsp) Expect Inflation To Fall Within The Target Range In 2024 At Four Percent Average Versus The.
The economic planning agency said the data underscores.
Inflation Dropped To 2.8% In January From December’s 3.9%.
This will be important to watch after the fed expressed.
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The Philippines’ Headline Inflation Or Overall Inflation Increased To 3.8 Percent In April 2024 From 3.7 Percent In March 2024.
The economic planning agency said the data underscores.
The Current Account Deficit For 2024 Is Now Forecast At $4.7 Billion, Equal To 1.0% Of Gross Domestic Product (Gdp), From The Previous Projection Of A $6.1 Billion.
January’s figure marked the weakest inflation rate since october 2020.