, Philippines

Philippine inflation dips measly 3.6%

But thanks to slower increases in housing prices, food price hikes were balanced.

According to Maybank Kim Eng, headline inflation slowed to 3.6% YoY from 3.8% the previous month. Slower increases in housing and utilities prices offset the rise in food and non-alcoholic beverage inflation brought about by flood damage.

Here's more from Maybank Kim Eng:

The central bank recently raised its inflation forecast for 2012 and 2013 to 3.4% and 4.1%, respectively, on expected higher food and fuel prices. We maintain our 2012 and 2013 forecasts of 3.1% and 4%, respectively.

As the central bank expects inflation to pick up in the coming months, we think it likely the monetary board will raise the policy rate by 50 bps from the current 3.75%. This will likely be done in two 25-bp hikes in 1H13. 

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!