Sign up | Log in



Home  >>   Daily News  >>   Philippines News  >>   Economy  >>   Philippines' inflation may be peaking
NEWS UPDATES Asean Affairs        27  May 2011

Philippines' inflation may be peaking

Related Stories

May 24, 2011
Philippines posts record fiscal surplus

May 19, 2011
Philippines competitiveness ranking slips

May 18, 2011
Idle money in Philippines

May 17,2011
Philippines lifts 2010 economic growth figure

May 14, 2011
Philippine economy grows

May 11, 2011
Philippines manufacturing drops

May 5,2011
Philippines may get trapped

The Bangko Sentral ng Pilipinas (BSP), the Philippines central bank, said Thursday that price movements may be peaking, with inflation in May falling0 at the high tip of the range amid continued volatility in the market.

BSP Governor Amando Tetangco Jr. said this month's inflation rate may settle at a range of 4.5 percent to 5.5 percent. Monetary authorities project inflation for this year and next year at 4 percent to 5 percent.

The BSP chief attributed the higher forecast to the remaining taxi fare adjustments, seasonal increases in school supplies as well as the impact of fuel subsidies for jeepney and tricycle operators, among others.

"We have recently seen some easing in the price of oil in the international market, but there continue to be risks of volatilities in this market. Other risks to the forecast include possible supply disruptions that are weather-related," Tetangco said in a text message to reporters.

He said these could be mitigated by stable exchange rates.

"The BSP will continue to monitor developments to ensure that our stance for monetary policy remains appropriate," Tetangco said. Deputy Gov. Diwa Guinigundo said that inflation "may be beginning to peak." "We're seeing it to peak in the second quarter or shortly after, then taper off," he said. For the full year, average inflation may still fall within the 3 percent to 5 percent forecast, he added.

Analysts expect price movements for the full year to settle at 5.9 percent, taking into consideration the problems in the Middle East and North Africa region, and their impact on oil and remittances from overseas Filipino workers.

They said the global inflationary impact of massive reconstruction in Japan and the potential impact of food inflation caused by the nuclear fallout may also contribute to the upward path of inflation.

Early this month, monetary authorities raised policy rates by another 25 basis points-the second for the year-bringing the overnight borrowing to 4.5 percent and the overnight lending to 6.5 percent.

The BSP had said that the preemptive response would minimize the overall impact of rising prices on domestic economic activity by firmly anchoring inflation expectations.

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




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

Today's  Stories    27  May 2011 Subsribe Now !
• Calls for Asians IMF head Subcribe: Asean Affairs Global Magazine
• Rice crisis could reappear Asean Affairs Premium
• Indonesia eyes new rules for overseas banks
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Indian coal miner seeks Indo stake
• Petronas' earnings upgraded

• Philippines' inflation may be peaking

• Bangchak invests in solar

• Vietnam's economy gets positive EU review

Asean Analysis    27  May 2011

Advertise Your Brand
• New economic order in Asia Sponsor Our Events

Asean Stock Watch    27  May 2011

• Asean Stock Watch-May 27 p

Global News Impacting Asia    17 November 2010


• Bank of America sees Asian inflation


• Lloyd’s increases insurance push in Malaysia


• Wells Fargo analyst on euro


• Obama’s visit to Asia


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


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