, Philippines

3.8% Philippine inflation in February falls back within target

The growth of the country’s supply chain and oil prices have slowed down.

The Philippine’s’ consumer price inflation of 3.8% during February has finally fallen within its central bank’s policy target range of 2-4%, after seeing inflation exceed this target for 11 months, according to a report by ING Economics.

This was supported by rice price increase slowing down to 2.9% from 2018. Supply chains and oils prices had also become more stabilised.

“With inflation back within the target range, this leaves the door wide open for newly appointed Governor Ben Diokno to think about easing off the brakes and looking to help support the growth side of the equation,” Nicholas Mapa, senior economist at ING Economics in the Philippines.

The country’s inflation rate had hit an all-time high of 6.7% in September-October 2018.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!