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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Inflation Rate in the Philippines for April 2012

Every month I’m discussing the previous month’s inflation rate and the causes why there’s an increase or decrease in the inflation. I came from a two-week vacation so this post is a little bit late since it is already middle of May. Normally, I make a post about inflation during the first week of the month.

Many people don’t know why and how inflation affects our life especially the money we have. It is very vital that we have clear understanding on how inflation works and how can we beat its effects.

Inflation is the number one enemy of the money we have because it decreases money’s buying capacity. A one peso in 1990 can buy more candies than a one peso today. All of us cannot manipulate or even change the effects of inflation but we can reduce or lower it.

Below you can see the Philippines’ inflation rate in April 2012 in comparison with the inflation occurred in March of this year. There is an increase in inflation for the month of April by 0.4.

Year-on-Year Inflation Rates, All Items

Apr 2012 Mar 2012 Year-to-date
    Philippines 3.0 2.6 3.0
    NCR 2.5 2.7 2.8
    AONCR 3.2 2.6 3.2

*NCR – National Capital Region

AONCR – Areas Outside National Capital Region

As you can see in the table, there are differences between the values for each areas. Different areas even in the same country will have different inflation rates.

There are several factors why are this happening. One factor could be the unemployment rate in the area, calamities happened during the past months, increased in oil prices and basic commodities and so on.

 

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Philippines Current Inflation Rate for January 2012

Perhaps you already know that I’m regularly posting articles about the inflation rate in the Philippines because I believe it is one of the good information that everybody should know. I hope more and more people would take a time to learn how inflation affects our daily life and the economy of our country as a whole.

Even the government is greatly concerned with inflation because it is one indication of the economic stability of a country. If there is a hyper inflation, many people would not afford to buy the basic necessities in everyday living because food and other commodities will be very expensive.

Deeper knowledge about inflation would be also very beneficial when deciding where to invest your money. We want an investment that will beat inflation because in doing so, you can preserve the buying power of your money that you put in that investment and at the same time get a profit.

inflation rate

The reliable sources of information about inflation can be obtained from NSO, BSP and NCSB. These are the some of the government and non-government agencies that regularly monitors the inflation in the Philippines.

In the month of January 2012, we could see that inflation rate is at 3.9%. This figure is lower than the inflation rate recorded last month, December 2011 at 4.2%. The following table gives details on the inflation rate in December 2011, January 2012 and the year-to-date inflation rate.

Year-on-Year Inflation Rates, All Items

Jan 2012 Dec 2011 Year-to-date
    Philippines 3.9 4.2 3.9
    NCR 3.5 3.0 3.5
     AONCR 4.0 4.5 4.0

There are several factors that affect the fall of inflation this month. One good factor why the inflation increase or decrease is the law of supply and demand. When there is a high demand for a something like rice, the tendency is its price will increase making the inflation also to increase.

Last time, I mentioned that inflation is not that bad as it is because it is natural for an economy to have inflation as the time goes by. The important thing about this inflation is to control it so that prices of commodities and services will be in the affordable range of the consumers like us.

Inflation Rate in the Philippines from 2007 to 2011

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

Philippine Inflation Rate for December 2011

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, %
    Philippines 4.2 4.8 4.8
    NCR 3.0 3.5 4.0
     AONCR 4.5 5.1 5.0

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.

Inflation Rate in the Philippines for November 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