FOREX TradingCharts.com

Financial News: Philippines Inflation Highest In 2 Years

Philippines Inflation Highest In 2 Years

02/05/2021 - 02:42:00 (RTTNews)

(RTTNews) - The Philippines' inflation rose to a two-year high in January, data from the Philippine Statistics Authority showed on Friday.

The consumer price index rose 4.2 percent annually in January, following a 3.5 percent increase in December. Economists had expected inflation to remain unchanged at 3.5 percent.

The rate was the highest since January 2019, when prices rose 4.4 percent.

The latest inflation was mainly due to the rise in the heavily-weighted food and non-alcoholic beverages by 6.2 percent.

Transportation cost grew 8.6 percent and prices for restaurant and miscellaneous goods and services rose 3.0 percent.

Meanwhile, prices for alcoholic beverages and tobacco declined 11.7 percent and those of furnishing, household equipment and routine maintenance fell 2.9 percent.

Core inflation, which excludes prices of selected food and energy items, rose to 3.4 percent from 3.3 percent in the previous month.

On a monthly basis, consumer prices rose 0.9 percent in January, following a 0.8 percent increase in the prior month.

Separate data from the statistical office showed that the production index value declined 5.1 percent yearly in December, following an 11.5 percent fall in November.

The production index volume fell 2.8 percent annually in December, following an 8.6 percent decrease in the preceding month.

Data also showed that the producer prices fell 2.4 percent year-on-year in December, following a 3.2 percent decline in November.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Germany's Import Prices Continue To Fall In January (26 min(s), 42 sec(s) ago)
(RTTNews) - German import prices continued to fall in January, data from Destatis revealed on Frid ...Full Story»

Finland Producer Prices Continue To Decline (45 min(s), 42 sec(s) ago)
(RTTNews) - Finland's producer prices continued to decline in January, data from Statistics Fi ...Full Story»

UK Car Production Declines Sharply In January: SMMT (01 hr(s), 34 min(s), 42 sec(s) ago)
(RTTNews) - UK car production declined sharply in January largely due to the ongoing effects of th ...Full Story»

Dutch Retail Sales Fall For Second Month (01 hr(s), 33 min(s), 42 sec(s) ago)
(RTTNews) - Dutch retail sales declined for the second straight month in January, data published b ...Full Story»

European Economics Preview: Swiss GDP Data Due (01 hr(s), 52 min(s), 42 sec(s) ago)
(RTTNews) - Quarterly national accounts data from Switzerland is due on Friday, headlining a busy ...Full Story»

Japan Housing Starts Continue To Decline (02 hr(s), 03 min(s), 42 sec(s) ago)
(RTTNews) - Japan's housing starts continued to decline in January, albeit at a softer pace, d ...Full Story»

Malaysia Exports Rise In January (02 hr(s), 05 min(s), 42 sec(s) ago)
(RTTNews) - Malaysia's exports rose in January, data from the Department of Statistics showed ...Full Story»

Japan Industrial Production Rises 4.2% In January (58 min(s), 18 sec(s) ago)
(RTTNews) - Industrial output in Japan was up a seasonally adjusted 4.2 percent on month in Januar ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Germany's Import Prices Continue To Fall In January

02/26/2021 - 02:15 AM (RTTNews)
(RTTNews) - German import prices continued to fall in January, data from Destatis revealed on Frid ...Full Story>>

Finland Producer Prices Continue To Decline

02/26/2021 - 01:56 AM (RTTNews)
(RTTNews) - Finland's producer prices continued to decline in January, data from Statistics Fi ...Full Story>>

Dutch Retail Sales Fall For Second Month

02/26/2021 - 01:08 AM (RTTNews)
(RTTNews) - Dutch retail sales declined for the second straight month in January, data published b ...Full Story>>

UK Car Production Declines Sharply In January: SMMT

02/26/2021 - 01:07 AM (RTTNews)
(RTTNews) - UK car production declined sharply in January largely due to the ongoing effects of th ...Full Story>>

European Economics Preview: Swiss GDP Data Due

02/26/2021 - 00:49 AM (RTTNews)
(RTTNews) - Quarterly national accounts data from Switzerland is due on Friday, headlining a busy ...Full Story>>

Do not sell my personal information

Copyright © 2021. 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.