Inflation Rate in the Philippines for May 2012

If you are a regular reader and visitor of this blog, perhaps you already know that I’m posting regularly the inflation rate in the Philippines from the previous month. I have been doing this since last year to track the changes of inflation.

Inflation is important in our economy and even in our personal finance because it affects the way how you spend your money. High inflation or very low inflation are not really good for the whole economy as a whole.

In a given place or country, inflation can be influenced by various factors that can or cannot be controlled by the government. For example, if a calamity happened in a given place, chances are, inflation can go up high because of high demand for food and other basic commodities.

You can see below the information about the inflation rate for May 2012 on different ares of the Philippines. The source came from NSO.

Year-on-Year Inflation Rates, All Items

May 2012 Apr 2012 Year-to-date
  Philippines
    Headline 2.9 3.0 3.0
    Core 3.7 3.6 3.5
  NCR
    Headline 2.2 2.5 2.6
  AONCR
    Headline 3.1 3.2 3.2

As you noticed in the table above, the inflation rate in May 2012 is slightly lower than the inflation happened in April 2012. There are several reasons why is this so. Some of the causes why there’s a change in inflation are the consumer price index, calamities, supply and demand of various sectors of the society and many more.

Click here if you want to know more about the inflation rate in the Philippines for the last few months of this year. You can also this post to learn more about inflation.

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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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