If you are new reader of this blog, I just want to tell you that I’m making post about the inflation rate in the Philippines once a month to give information about the topic to all visitors and readers of this blog. It is a good thing to know something that can help you understand how things are happening that way.
As a consumer, you know that prices of food and other products are not going down and it is always changing as the time goes by. Prices of basic commodities are also increasing because of inflation. For businesses, inflation is favorable and beneficial while for consumers it is the enemy of our money.
Inflation Rate in the Philippines for December 2011
Last month, I posted about the inflation rate in November 2011 and this time, I’ll give you the data about the inflation rate in December 2011. The below table will give you the facts about the inflation last November, December and for the whole year of 2011.
Year-on-Year Inflation Rates, All Items
|Dec 2011, %||Nov 2011, %||Year-to-date, %|
As you can see in the table above, the inflation for December 2011 is lower than for November 2011 for NCR, AONCR and the whole country. The over-all inflation rate for 2011 in the Philippines as a whole, NCR and AONCR is at 4.8, 4.0, and 5.0%, respectively.
For comparison, the inflation rate in the whole country last year 2010 is at 3.8 percent, NCR is at 3.7% and AONCR is at 3.8%. The inflation this year is much higher compared than last year primarily because of many typhoons and natural calamities that hit the country in many places.