Inflation Rate in the Philippines for November 2011

by Gil on December 14, 2011

I’m continuously making posts about inflation and inflation rate in the Philippines for the last few months. Last time, I published an article about the inflation rate last October 2011 and now I ‘ll make an article regarding the inflation in Novemeber. I assume that you already know what is the meaning of inflation. For the knowledge of readers and visitors, you could visit this article that explains about inflation: What is Inflation

 

Inflation is not fixed, it always change because of different variables that affects it. Furthermore, in order to quantify inflation, inflation rate is introduced which is the rate on how inflation changes in a given time and place. The inflation rate in November slightly decreases by 0.4% from 5.2% in October to 4.8% in November 2011. Take note that the data below all came from National Statistics Office (NSO) so if you want more details about the facts mentioned here, you could visit their website at www. census.gov.ph.

Listed below is the inflation rate in the Philippines for November 2011. The areas are breakdown to Philippines (whole nation), areas outside NCR and NCR. You will notice that the places have different inflation rate from each other. In some period, NCR has the lowest inflation rate while in some cases, outside NCR has higher figure. The figures in November went down was affected by slower increase in prices of food, fuel, water, electricity, housing, beverages and other basic necessities of many people.

Year-on-Year Inflation Rates, All Items

Nov 2011 Oct 2011 Year-to-date
    Philippines 4.8 5.2 4.8
    NCR 3.5 4.9 4.0
     AONCR 5.1 5.3 5.1

Image Credit: Just Calendar

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