Inflation slows to 7-mth low at 5.1%home/News/Top Stories/Inflation slows to 7-mth low at 5.1%Headline inflation slowed to a seven-month low of 5.1 percent in December, the Philippine Statistics Authority (PSA) said on Friday, bringing the full-year average to 5.2 percent. PSA data also showed that core inflation, which excludes select food and energy items, fell to 4.7 percent from 5.1 percent in November. “But for December, as expected following the non-convergence of various measures of core inflation, the official core inflation actually eased to 4.7 percent suggesting that demand pressures have not significantly built up,” he added. Malacañang also on Friday vowed not to be complacent even after the inflation rate in the country dipped to 5.1 percent in December. The spokesman added that the dip in the inflation rate might be tied to Duterte’s moves the past year to alleviate it.

Source: Manila Times January 04, 2019 17:03 UTC