• İstanbul 14 °C
  • Ankara 13 °C

Annual inflation in Philippines hits 14-year high

Annual inflation in Philippines hits 14-year high
Country's annual inflation at 8% in November, up from 7.7% in October

By Gokhan Ergocun

ISTANBUL (AA) - The annual inflation rate in Philippines rose to 8% in November, a 14-year high, according to the country's statistical authority on Tuesday.

The rate was 7.7% in October, the statistics agency said, adding that the surge was mainly driven from price increases in food and non-alcoholic beverages.

The average inflation in the first 11 months this year stood at 5.6%, higher than the government’s 2% to 4% target.

Following the data's release, the country’s central bank reiterated it "remains prepared to take all further monetary policy actions necessary to bring inflation back to a target-consistent path over the medium-term."

source: News Feed
This news is a total 49 time has been read
UYARI: Küfür, hakaret, rencide edici cümleler veya imalar, inançlara saldırı içeren, imla kuralları ile yazılmamış,
Türkçe karakter kullanılmayan ve büyük harflerle yazılmış yorumlar onaylanmamaktadır.
This news yet comment has been added .
Other News
All Rights Reserved © May 2014 US Muslims | Unauthorized and the resources published.
Haber Scripti: CM Bilişim