Inflation Rate in the Philippines from 2007 to 2011

in Inflation Rate

If you are a regular visitor of this blog, you know that I’m regularly posting articles about the monthly inflation rate in the Philippines that was started last September 2011. I think inflation is very important to be understand by many people because it affects our lives and the economy as a whole.

Inflation is not fixed, it always changes as the time goes by. There are lots of factors that affect inflation like interest rate hike, status of world economy, calamities and many more. Inflation can be controlled by making a good monetary policy by central banks. Normally, an ideal inflation is a low inflation with slow increase as the time goes on.

Reliable information about the inflation and inflation rate can be found in the websites of National Statistics Office (NSO), The National Statistics Coordination Board of the Philippines (NCSB) or Bangko Sentral ng Pilipinas (BSP). NSO and NSBP regularly release data about the inflation rate for each month of the year through their websites.

Inflation Rate in the Philippines from 2007 to 2011

In the following table, you can see the data of inflation rate in the Philippines from 2007 to 2011 for each month of the year. As I said earlier, inflation rate is not constant based on the data you can see in the table.

Month

Year

2007

2008

2009

2010

2011

January

3.8 4.6 7.0 3.9 4.1

February

2.9 5.1 7.2 3.9 4.7

March

2.6 5.9 6.5 4.0 4.8

April

2.6 7.3 5.6 4.0 4.7

May

2.6 8.3 4.4 3.7 5.1

June

2.7 9.4 3.1 3.7 5.2

July

2.9 10.2 2.1 3.7       5.1

August

2.7 10.5 1.7 4.0 4.7

September

2.9 10.1 2.2 3.9 4.8

October

2.9 9.7 2.8       3.3 5.2

November

3.1 9.0 3.6   3.7 4.8

December

3.8 7.7 4.5  3.6 4.2

Average

2.9 8.3 4.1 3.8 4.8

You will notice that the highest inflation rate experienced in the Philippines during this 5-year period was happened in 2008 because of the global economic crisis. If you remembered at that time, almost all countries suffered due to the economic problems that struck the US and other big economies in the world.

The average inflation during this period is at 4.8%. The Philippine government should make plan on how to further lower this figure in the years to come to help the poor Filipinos and uplift the economy as a whole.

Source: www.census.gov.ph

{ 0 comments… add one now }

Leave a Comment

*

Previous post:

Next post: