Presidential Communications Operations Office



  PIA Bldg, Visayas Ave, Diliman, Quezon City, Philippines
  Tuesday, 23 April 2019 News Before 1 Feb 2012. Click for Latest
Web PIA  
 
home
 
about
 
fotos
 
info
 
links
 
ncrr01carr02r03calmimr05r06r07r08r09r10r11r12r13
 << April 2019 >> 
S M T W T F S
1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30
Special News Editions:
English.Tagalog.Cebuano
Ilocano.Waray.Hiligaynon
Pangasinan.Other
PIA Specials:
NEW! Cabinet Officials
Jobs.Slides.Specials.Ads. Events.ASEAN.Multimedia
Visitors since 15 Feb 2011:
PIA News Archive:
English.Tagalog.Cebuano
Waray.Hiligaynon.Ilocano
Pangasinan.All
PIA Archive News Reader

PIA Press Release
2010/01/07

2009 inflation within target, registers at 3.2%

Davao City (7 January) -- The headline inflation rate for 2009 averaged 3.2 percent, within the year's target of 2.5-4.5 percent.

"Given slower price increases in 2009 than in 2008, the country's inflation rate averaged 3.2 percent, significantly lower than 2008 inflation of 9.3 percent and well within the DBCC forecast of 2.5 to 4.5 percent for 2009," Acting NEDA Director-General Augusto B. Santos said in a memorandum to President Gloria Macapagal-Arroyo.

For December 2009, the inflation rate remained lower at 4.4 percent compared to 8.0 percent a year ago.

Prices have been increasing slowly since August 2009 when the inflation rate was 0.1 percent.

For the third month in a row, month-on-month inflation was at 0.6 percent due to higher meat, fuel, and transportation prices.

Despite lower prices of rice (-0.1%) and fruits and vegetables (-2.0%) in December compared to November, higher prices of meat (2.0%) and other non-food items such as fuel (6.0%) and transportation and communication (1.8%) increased significantly.

Meanwhile, core inflation, which measures the change in average consumer prices excluding certain items with volatile price movements such as food products and energy, also declined to 4.1 percent compared with 6.2 percent in 2008, reported the National Statistics Office (NSO).

Inflation for 2009 in Areas Outside National Capital Region (AONCR) were higher compared with NCR, at 3.9 percent and 1.6 percent respectively. However, these rates are significantly lower compared to 9.7 percent for AONCR and 7.0 percent NCR in 2008.

For 2010, the Development Budget Coordination Committee inflation forecast is 3.5-5.5 percent. (NEDA-PIA XI) [top]

|«  prev  next  »|
DAILY NEWS LIST:
»2009 inflation within target, registers at 3.2%
»KALAHI-CIDSS covers more than 1M households
»Tourism players see media role in promoting Davao region
»NPAs terrorize Davao Oriental barangays, says military
»Agila Battalion initiates CIVAC
»Feature: Agila Battalion's Christmas outreach program
»National Achievement Test set in March
»PGMA graciously welcomes honor accorded her as adopted daughter of Ifugao
»Philhealth remittance-by-air enables individual members to pay premiums through texting
»Waray-Waray News: PGMA iginmandu nga dagmiton an pagkalsada ha Agusan
|«  prev  next  »|

Philippine Official Gazette | Office of the President | Presidential Communications Operations Office
For comments and feedback, please email PIA Newsdesk
Copyright © 2005 Philippine Information Agency
PIA Building, Visayas Avenue, Diliman, Quezon City 1101 Philippines