Each month, I’m posting an article about the inflation rate in the previous month. It is a regular update on what’s happening on the inflation and the overall prices of products and services in the whole country.
Inflation rate is an important indication of the overall health of the economy of a country. You can also used it in choosing the right investment. Your goal should be selecting an investment that will beat the inflation rate, perhaps higher than the inflation rate by 5%.
You can see the table below the information about the inflation rate in March 2012. This data comes from the National Statistics Office (NSO) of the Philippines website so you can cross check the accuracy of this information.
Year-on-Year Inflation Rates, All Items
|Mar 2012||Feb 2012||Year-to-date|
If you notice in the table above, there is a slightly lower inflation in March compared in February for the whole Philippines and areas outside National Capital Region (AONCR). On the other hand, there is an increase in inflation rate in the NCR.
The increase or decrease in inflation is attributable to the changing consumer price index of commodities and services in a given area at defined period of time. Some factors affecting inflation are calamities, changing of government, high unemployment and war.