Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

Home  >>   Daily News  >>Philippines>>Economy>>Inflation to accelerate further in October
NEWS UPDATES Asean Affairs   November  7,  2017  








 


Inflation to accelerate further in October

Inflation could accelerate to its fastest pace so far this year in October due to higher prices of non-food items, the Department of Finance (DOF) said Monday.

The DOF expects inflation to accelerate to 3.5 percent in October, from 3.4 percent in September, the fastest in the first nine months of the year.

"[A]lcoholic beverages and tobacco likely increased to 6.7 percent from 6.4 percent; housing, utilities and fuels to 4.1 percent from 3.8 percent; electricity, gas and other fuels to 9.2 percent from 8.2 percent; furnishings and household equipment to 1.9 percent from 1.8 percent; and recreation and culture to 1.5 percent from 1.4 percent," the department said in a statement.

However, these may be offset by a slowdown in food inflation in light of the harvest season.

"Food inflation may decline further in November 2017 as the rice harvest has started pushing down domestic rice prices," Finance Undersecretary Gil Beltran said.

For its part, the Bangko Sentral ng Pilipinas (BSP) expects inflation to settle within 3.2- to 3.7-percent in October, on the back of higher utility prices.

Pump prices of petroleum products rose in three out of the four weeks of October, while the Manila Electric Co. (Meralco) imposed an increase of P0.0345 per kilowatt-hour during the month.

The Philippine Statistics Authority is scheduled to release the October inflation rate on Tuesday, November 7, 2017. — Jon Viktor Cabuenas/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
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to  your.views@aseanaffairs.com

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
 
or
submit your comment in the box below



  Today's  Stories                         November 7,  2017
• Inflation to accelerate further in October Subcribe: Asean Affairs Global Magazine
• Govt to intensify job creation in 2018  Subsribe Now !
Local insurance firm launches e-platform
Research Reports
on Thailand 2007-2008

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

• IMF delegation visits Myanmar for yearly review
• DBS Q3 net profit falls 23% to S$822 million
Asean Analysis                  October 27,  2017
• Asean Analysis October 27, 2017
Southeast Asia from Scott Circle: Indonesian Presidential Politics Begins to Heat Up 18 Months before Elections
Advertise Your Brand

Asean Stock Watch   November 6,  2017

• Asean Stock Watch-November 6, 2017
The Biweekly Update
• The Biweekly Update  October 27, 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

ASEAN  ANALYSIS

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

 


Name

Name


Email

Email



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
asean@aseanaffairs.com