December Inflation at 2.6%

Inflation hit a two-year high of 2.6 percent in December from 2.5 percent in November due to higher food prices as well as higher increment in transport, recreation, and culture during the holiday season. This brought the average inflation to 1.8 percent in 2016 from 1.4 percent in 2015, below the two to four percent target. It also was well within the forecast range of 2.2 to three percent…

Subscribe via email for complete access to Supreme Consult’s weekly report on political and investment risks in the Philippines.