Philippines Inflation at 4.5% in April 2018

Manila | 4th May 2018

Headline inflation rose to 4.5% year-on-year in April from 4.3% in March using the 2012-based Consumer Price Index (CPI) series. The year-to-date average of 4.1% is running higher than the inflation target for 2018.

“Philippines April at 4.5%”

The BSP will carefully consider the latest developments and their impact on price dynamics, particularly potential second-round effects at its upcoming monetary policy meeting on 10 May 2018.  Decisions on the monetary policy stance will seek to ensure that inflation and inflation expectations remain consistent with the inflation target over the policy horizon.

Source: Bangko Sentral ng Pilipinas

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