Inflation & Prices
Quicker Philippine Inflation Opens Door to Sustained Rate Action
- Government says protecting purchasing power is a top priority
- Data in line with view CPI likely peaked in Dec.: central bank
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Philippines’ inflation inched up further last month yet bets that price growth has already peaked open the door for smaller interest rate increases.
Consumer prices rose 8.1% from a year ago in December, the Philippine Statistics Authority reported Thursday. While it remains at the fastest pace since November 2008, the print was a tad slower than the 8.2% median estimate in a Bloomberg survey.