If you are a regular visitor and reader of this blog, you probably know that I’m regularly posting topics about inflation rate in the Philippines. It’s a way for me to keep updated about what’s happening on the prices of commodities and services in our country.
Inflation is a normal occurrence. Though it may be controlled, it will surely happen because it’s a part of the economy and business life of a country. Maybe you don’t realize the importance of inflation but it affects our daily lives since all of us spend money in some things we buy.
Inflation Rate in December 2012
The National Statistics Office of the Philippines is one agency of our government that gathers information about the inflation and inflation rate in the country, in Metro Manila and places outside the National Capital Region (NCR).
In the table below, you can find the inflation rate in the Philippines for December 2012 and the previous month. For the year 2012, the overall inflation rate in the Philippines is 3.2%.
|Year-on-Year Inflation Rates, All Items|
|December 2012||November 2012||Year-to-date|
In this year 2013, many reports were published that our country will be better than last year in terms of our economic growth. Because of this forecast about Philippine economy, inflation will be better also, meaning it will be on the minimum.
If the inflation is in minimum, prices of commodities and services will be on stable ground. It will be a great help for all of us since we don’t need to spend more on the basic necessities.