FOREX TradingCharts.com

Financial News: Philippine Inflation At 3-Month High

Philippine Inflation At 3-Month High

11/05/2020 - 02:40:00 (RTTNews)

(RTTNews) - The Philippines' inflation rose to the highest in three months in October, data from the Philippine Statistics Authority showed Thursday.

The consumer price index rose 2.5 percent annually in October, after a 2.3 percent increase in September. Economists had expected a 2.3 percent rise.

The latest rate was the highest since July, when prices climbed 2.7 percent.

The latest inflation was mainly due to the slowdown in the heavily-weighted food and non-alcoholic beverages by 2.1 percent.

Likewise, prices for education grew 1.2 percent and those of restaurants and miscellaneous goods and services gained 2.4 percent.

Core inflation, which excludes prices of selected food and energy items, eased to 3.0 percent from 3.2 percent in the previous month.

On a monthly basis, consumer prices rose 0.4 percent in October, after remaining unchanged in the prior month.

Separate data from the statistical office showed that the production index value declined 11.9 percent yearly in September, following a 13.3 percent fall in August.

The production index volume fell 8.4 percent annually in September, following a 9.0 percent decrease in the preceding month.

Data also showed that the producer prices fell 3.9 percent year-on-year in September, following a 4.7 percent decline in August.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


UK Chancellor Sunak Boosts Spending, Warns Of Economic Emergency (03 hr(s), 51 min(s), 29 sec(s) ago)
(RTTNews) - UK Chancellor of the Exchequer Rishi Sunak on Wednesday boosted spending on infrastruc ...Full Story»

U.S. Personal Income Drops In October, But Personal Spending Rises (04 hr(s), 41 min(s), 29 sec(s) ago)
(RTTNews) - The Commerce Department released a report on Wednesday showing a decrease in U.S. pers ...Full Story»

U.S. Consumer Sentiment Deteriorates Slightly More Than Initially Estimated (04 hr(s), 54 min(s), 29 sec(s) ago)
(RTTNews) - Revised data released by the University of Michigan on Wednesday showed consumer senti ...Full Story»

U.S. New Home Sales Unexpectedly Dip 0.3% In October (05 hr(s), 11 min(s), 29 sec(s) ago)
(RTTNews) - New home sales in the U.S. unexpectedly edged lower in the month of October, according ...Full Story»

U.S. Durable Goods Orders Jump 1.3% In October, More Than Expected (05 hr(s), 33 min(s), 29 sec(s) ago)
(RTTNews) - New orders for U.S. manufactured durable goods increased by more than expected in the ...Full Story»

U.S. Weekly Jobless Claims Unexpectedly Climb To 778,000 (05 hr(s), 41 min(s), 29 sec(s) ago)
(RTTNews) - Fist-time claims for U.S. unemployment benefits unexpectedly increased in the week end ...Full Story»

Spike In U.S. GDP In Third Quarter Unrevised At 33.1% (06 hr(s), 41 min(s), 29 sec(s) ago)
(RTTNews) - A report released by the Commerce Department on Wednesday showed the spike in gross do ...Full Story»

U.S. Durable Goods Orders Jump More Than Expected In October (06 hr(s), 45 min(s), 29 sec(s) ago)
(RTTNews) - New orders for U.S. manufactured durable goods increased by more than expected in the ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

UK Chancellor Sunak Boosts Spending, Warns Of Economic Emergency

11/25/2020 - 11:38 AM (RTTNews)
(RTTNews) - UK Chancellor of the Exchequer Rishi Sunak on Wednesday boosted spending on infrastruc ...Full Story>>

U.S. Personal Income Drops In October, But Personal Spending Rises

11/25/2020 - 10:48 AM (RTTNews)
(RTTNews) - The Commerce Department released a report on Wednesday showing a decrease in U.S. pers ...Full Story>>

U.S. Consumer Sentiment Deteriorates Slightly More Than Initially Estimated

11/25/2020 - 10:35 AM (RTTNews)
(RTTNews) - Revised data released by the University of Michigan on Wednesday showed consumer senti ...Full Story>>

U.S. New Home Sales Unexpectedly Dip 0.3% In October

11/25/2020 - 10:18 AM (RTTNews)
(RTTNews) - New home sales in the U.S. unexpectedly edged lower in the month of October, according ...Full Story>>

U.S. Durable Goods Orders Jump 1.3% In October, More Than Expected

11/25/2020 - 09:56 AM (RTTNews)
(RTTNews) - New orders for U.S. manufactured durable goods increased by more than expected in the ...Full Story>>

Do not sell my personal information

Copyright © 2020. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.