Philippines Inflation at 3.2% in 2017

Manila | 5th January 2018

Year-on-Year headline inflation for 2017 averaged at 3.2 percent, well within the Government’s target range of 3.0 percent ± 1.0 percentage point for the year. Inflation in December was stable at 3.3 percent, in line with BSP staff forecasts.

” INFLATION AT 3.2% 2017 “

Governor Nestor A. Espenilla, Jr. noted that the December 2017 inflation continues to affirm the BSP’s assessment of a manageable inflation environment over the policy horizon. Nevertheless, the BSP will remain vigilant against any risks to the inflation outlook to ensure that the monetary policy stance remains consistent with the mandate of maintaining price stability conducive to economic growth.

Source: Bangko Sentral ng Pilipinas

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