Philippines Inflation at 3.8% in Q1 2018
Manila | 20th April 2018
Year-on-year headline inflation rose to 3.8 percent in Q1 2018 from the quarter-ago average of 3.0 percent using the new 2012-based consumer price index (CPI) series. This settled near the upper end but remained within the National Government’s (NG) target range of 3.0 percent ± 1.0 percentage point for the year.
” INFLATION AT 3.8% in Q1 2018 “
The BSP noted that inflation expectations have started to rise and will therefore need to be monitored closely in the coming months. The BSP also observed that economic growth remains solid enough to absorb some policy tightening if warranted.
Source: Bangko Sentral ng Pilipinas