FOREX TradingCharts.com

Financial News: Philippine Inflation At 28-Month High

Philippine Inflation At 28-Month High

04/04/2017 - 23:59:00 (RTTNews)

(RTTNews) - Philippine consumer price inflation accelerated further in March to the highest level in nearly two-and-a-half-years, in line with expectations, figures from the Philippine Statistics Authority showed Wednesday.

The consumer price index climbed 3.4 percent year-over-year in March, slightly faster than the 3.3 percent rise in February. The figure also matched consensus estimate.

Moreover, it was the strongest inflation since November 2014, when prices had grown 3.7 percent.

Excluding selected food and energy items, core inflation quickened to 2.9 percent in March from 2.7 percent a month ago.

Utility costs grew 4.0 percent annually in March and prices of clothing and footwear went up by 2.9 percent.

Month-on-month, consumer prices edged up 0.2 percent from February, when it rose by 0.3 percent.

The statistical office also revealed that producer prices increased 2.2 percent yearly in February, following a 2.1 percent climb in January. It was the second consecutive monthly rise.

The uptrend was supported mainly by the increases in nine out of 20 sectors, including the significant increment manifested by the heavily-weighted petroleum products, by 31.5 percent.

Monthly, producer prices rose 0.4 percent in February, after a 2.2 percent gain in the preceding month.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2017 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Australia Q1 Import Prices Rise Unexpectedly (58 min(s), 22 sec(s) ago)
(RTTNews) - Australia's import prices increased unexpectedly in the three months ended March, ...Full Story»

BoJ Keeps Monetary Policy Unchanged (30 min(s), 38 sec(s) ago)
(RTTNews) - The Bank of Japan kept its monetary stimulus unchanged as widely expected on Thursday. ...Full Story»

South Korea Q1 GDP Jumps 0.9% On Quarter (21 min(s), 38 sec(s) ago)
(RTTNews) - South Korea's gross domestic product expanded a seasonally adjusted annualized 0.9 ...Full Story»

South Korea GDP Climbs 0.9% In Q1 (51 min(s), 38 sec(s) ago)
(RTTNews) - South Korea's gross domestic product gained a seasonally adjusted annualized 0.9 p ...Full Story»

Cashless Society Possible, Closer - Survey (27 min(s), 38 sec(s) ago)
(RTTNews) - People may be moving closer to accepting a cashless society as more than a third in Eu ...Full Story»

Draghi To Maintain Status Quo Ahead Of French Election Runoff (31 min(s), 38 sec(s) ago)
(RTTNews) - While the brightening prospects of the euro area economy and the win of a pro-EU candi ...Full Story»

German Govt Lifts 2017 Growth Outlook (51 min(s), 38 sec(s) ago)
(RTTNews) - Germany's economy is likely to expand more than previously projected in 2017, the ...Full Story»

Turkey Central Bank Lifts Liquidity Rate (35 min(s), 38 sec(s) ago)
(RTTNews) - Turkey's central bank decided to raise one of its lending rates by 50 basis points ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Australia Q1 Import Prices Rise Unexpectedly

04/27/2017 - 00:25 AM (RTTNews)
(RTTNews) - Australia's import prices increased unexpectedly in the three months ended March, ...Full Story>>

BoJ Keeps Monetary Policy Unchanged

04/26/2017 - 23:54 PM (RTTNews)
(RTTNews) - The Bank of Japan kept its monetary stimulus unchanged as widely expected on Thursday. ...Full Story>>

South Korea Q1 GDP Jumps 0.9% On Quarter

04/26/2017 - 19:45 PM (RTTNews)
(RTTNews) - South Korea's gross domestic product expanded a seasonally adjusted annualized 0.9 ...Full Story>>

South Korea GDP Climbs 0.9% In Q1

04/26/2017 - 19:15 PM (RTTNews)
(RTTNews) - South Korea's gross domestic product gained a seasonally adjusted annualized 0.9 p ...Full Story>>

Cashless Society Possible, Closer - Survey

04/26/2017 - 10:51 AM (RTTNews)
(RTTNews) - People may be moving closer to accepting a cashless society as more than a third in Eu ...Full Story>>
These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.