One of the regular articles I’m writing in this blog is about the inflation rate in the Philippines for the previous month. I believe that inflation and education about it will help other people to understand why prices of commodities and services are changing through the time.
There are several terms that you may need to know to be able to understand inflation. One term that is very related to inflation is the consumer price index or CPI. According to Wikipedia, CPI measures changes in the price level of a market basket of consumer goods and services purchased by households.
In this post, I’ll discuss the inflation rate in the Philippines for June 2013. The inflation has a direct effect on the lives of people because it dictates the price of products and basic needs.
The information below about inflation came from the website of the National Statistics Office of the Philippines (NSO). It is an accurate source for information related to statistics and condition of the people.
|Year-on-Year Inflation Rates, All Items|
|June 2013||May 2013||Year-to-date|
As you can see above, the inflation rate in June is 0.2% higher than in May for the whole country. While at NCR, the inflation is lower by 0.2%.
Some possible factors why there’s an increase in inflation is the high demand for products related to school and education. The month of June is one of the months in the year that there’s a high spending.