Sign up | Log in



Philippine inflation eases on lower oil, rice prices

Related Stories

October 25, 2008
Philippine central bank sees inflation easing

October 23, 2008
Philippines $2bn fund to shield economy

October 4, 2008
Arroyo upbeat over Philippine economy

October 2, 2008
Philippines revises 2008 GDP forecast down to 4.4-4.9%

September 25, 2008
Philippines: Trade deficit shoots up more than 200% in Jan-July 2008

September 15, 2008
Philippines: Inflation to stall historic growth

September 6, 2008
Philippine inflation seen cooling  after hitting 17-year high

September 5, 2008
Philippines: Central bank to shift policy as inflation peaks

September 4, 2008
Philippines to raise $1.5bn to boost reserves

August 29, 2008
Philippines inflation seen to accelerate in August

August 26, 2008
Philippines: Govt seeks $31bn for 2009 budget

August 22, 2008
Philippines growth to stay below 5.2% in Q2


November 6, 2008

Philippine inflation eases on lower oil, rice prices
Inflation in the Philippines eased slightly to 11.2 percent in October as oil and rice prices continue to fall, Reuters reported, quoting the government figures.

The National Statistics Office said it had revised its September inflation rate from 11.9 percent to 11.8 percent without giving a reason.

October's inflation rate was below the central bank's forecast range of 11.3 to 12.1 percent, according to Dow Jones Newswires.

The Philippine central bank said the latest lower-than-expected rate provides it greater flexibility in policy making.

Central bank governor Amando Tetangco said the further slowdown last month also underscores its benign inflation outlook.

"As expected, inflation further decelerated in October," he said

"The recent steady downward trajectory in headline inflation and in international oil and rice prices bodes well for cementing inflation expectations going forward, which in turn provides greater latitude for monetary policy," Tetangco said in a text message sent to reporters.

He said the main risks to the inflation outlook were volatilities in the foreign exchange rate and domestic liquidity.

"Our monetary policy stance will continue to be geared towards our mandate of price stability, which we believe will be instrumental in mitigating the negative impact of financial market stresses on the real sector," Tetangco said.

The central bank will hold its next interest rate-setting meeting on November 20.

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand