Sign up | Log in



Home  >>   Daily News  >>Philippines>>Economy>>Inflation accelerates to 3.4% in Sept. as food prices go up
NEWS UPDATES Asean Affairs    October 6,  2017  

Inflation accelerates to 3.4% in Sept. as food prices go up

Inflation rate accelerated to 3.4 percent in September, from 2.3 percent a year earlier, the Philippine Statistics Authority (PSA) reported on Thursday.

"This was primarily due to the 3.6 percent annual growth recorded in the heavily-weighted food and non-alcoholic beverages index," the PSA said.

Last August, inflation clocked in at 3.1 percent. In March and April, inflation also registered at 3.4 percent, which makes the rate the fastest so far in the nine months to September.

When inflation touched 3.4 percent last March, it was the fastest in nearly three years since it registered at 3.7 percent in November 2014.

Prices of housing, transport, clothing and footwear, alcoholic beverages and tobacco, and restaurant and miscellaneous goods registered significant increases that drove inflation faster in September.

Despite the acceleration last month, Socioeconomic Planning Secretary Ernesto Pernia remained confident that inflation will settle within the government's 2 percent to 4 percent target for the year.

"We are still positive that inflation for the full year 2017 will settle within the government's target of 2 to 4 percent," he said.

"However, we still face several risks to inflation such as higher domestic fuel prices, weaker peso, and minimum wage hike that will be effective today in the National Capital Region," he said in an emailed statement. — VDS, GMA News

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                         October 6, 2017 Subsribe Now !
• Inflation accelerates to 3.4% in Sept. as food prices go up  Subcribe: Asean Affairs Global Magazine
• Tax office collects 60% of tax revenue target as of September
GMAC calls on government to help offset rising labour costs 
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• MPI pens legal framework for start-up funding
• Database of Kingdom startups ready for launch
Asean Analysis                  September 30,  2017
• Asean Analysis September 30, 2017
Prayuth’s White House Visit Expected to Kick-start Normalization of Thai-U.S. Relations
Advertise Your Brand

Asean Stock Watch   October 5,  2017

• Asean Stock Watch-October 5, 2017
The Biweekly Update
• The Biweekly Update  September 30, 2017

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

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

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2020 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand