Inflation Rate in the Philippines for April 2012

by Gil on May 18, 2012

Every month I’m discussing the previous month’s inflation rate and the causes why there’s an increase or decrease in the inflation. I came from a two-week vacation so this post is a little bit late since it is already middle of May. Normally, I make a post about inflation during the first week of the month.

Many people don’t know why and how inflation affects our life especially the money we have. It is very vital that we have clear understanding on how inflation works and how can we beat its effects.

Inflation is the number one enemy of the money we have because it decreases money’s buying capacity. A one peso in 1990 can buy more candies than a one peso today. All of us cannot manipulate or even change the effects of inflation but we can reduce or lower it.

Below you can see the Philippines’ inflation rate in April 2012 in comparison with the inflation occurred in March of this year. There is an increase in inflation for the month of April by 0.4.

Year-on-Year Inflation Rates, All Items

Apr 2012 Mar 2012 Year-to-date
    Philippines 3.0 2.6 3.0
    NCR 2.5 2.7 2.8
    AONCR 3.2 2.6 3.2

*NCR – National Capital Region

AONCR – Areas Outside National Capital Region

As you can see in the table, there are differences between the values for each areas. Different areas even in the same country will have different inflation rates.

There are several factors why are this happening. One factor could be the unemployment rate in the area, calamities happened during the past months, increased in oil prices and basic commodities and so on.

 

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About the Author:

GilGil Tenorio is a blogger, a husband, a father, and an active Christian. He likes playing guitar, C.S. Lewis, Plants and Zombies and NBA. Follow him at Facebook, Google+, YouTube and Twitter. Thanks!

 

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