MANILA — According to the Philippine Statistics Authority (PSA), the Philippines’ inflation rate eased further in November to its lowest level in 20 months, due to slower increases in food prices.
At a briefing yesterday, National Statistician Dennis Mapa said the headline inflation rate, or the rate of increase in the average prices of goods and services typically purchased by consumers, was at 4.1 percent in November, down from 4.9 percent in October this year and eight percent in November last year.
This is the second straight month that the country’s inflation rate slowed down. Mapa said this is also the lowest inflation rate since March 2022, when the inflation print was at four percent.
The latest inflation print is within the Bangko Sentral ng Pilipinas’ forecast of four to 4.8 percent for the month of November. This brought average inflation in the January to November period to 6.2 percent.
Mapa said the downtrend in inflation was primarily due to the lower growth rate in the heavily-weighted food and non-alcoholic beverages at 5.7 percent in November, from the previous month’s seven percent.
Inflation for food alone also decelerated further to 5.8 percent in November from 7.1 percent in October. “This is the lowest since the 5.2 percent in May 2022,” Mapa said.
The lower food inflation rate was due mainly to vegetables, which registered an inflation rate of -2 percent in November from 11.9 percent in the previous month.
Other food items also posted lower inflation rates in November from the previous month such as fish (4.9 percent from 5.6 percent), meat (0.5 percent from 0.8 percent), sugar (1.5 percent from 4.9 percent), bread and other cereals (6.9 percent from 7.4 percent) and fruits (13.1 percent from 13.5 percent).
Meanwhile, higher inflation rates were posted in November from the previous month by rice at 15.8 percent from 13.2 percent, and milk, other dairy products and eggs at 7.6 percent from 7.5 percent.
Also driving the downtrend in overall inflation was the transport commodity group, which had a -0.8 percent inflation rate in November from one percent in October.
Given price pressures from geopolitical tensions and extreme weather conditions, National Economic and Development Authority Secretary Arsenio Balisacan said the government will need to continue to monitor the inflation situation.
Meanwhile, House Speaker Ferdinand Martin Romualdez vowed on Tuesday to help further decrease the level of inflation by way of creating and pursuing pieces of legislation that will bring down to the barest minimum the prices of basic commodities in the market.
The recent deceleration of inflation, according to the Speaker, is a “testament to the collective efforts and resilience of the Filipino people, alongside the commitment of President Ferdinand Marcos Jr. in stabilizing our economy and improving the living standards of every Filipino.”
Albay Rep. Joey Salceda, chairman of the House ways and means committee, personally believes the inflation level last November will be reduced even further before the year ends either at “3.7 to 4.0 percent, barring any shocks to supply.”
I’ve recently started a blog, the info you provide on this web site has helped me tremendously. Thank you for all of your time & work.
Hello There. I found your weblog using msn. This is an extremely smartly written article. I will make sure to bookmark it and return to learn extra of your useful information. Thank you for the post. I’ll certainly return.
But a smiling visitant here to share the love (:, btw outstanding design and style.
I think you have remarked some very interesting points, thanks for the post.
My husband and i were so thankful that Peter managed to complete his web research through your precious recommendations he had from your blog. It’s not at all simplistic just to possibly be releasing tricks which some people might have been trying to sell. We take into account we now have you to give thanks to for that. The illustrations you’ve made, the simple web site navigation, the relationships you can aid to promote – it’s got all impressive, and it’s really assisting our son in addition to us do think this issue is entertaining, and that is highly serious. Thank you for the whole lot!
hey there and thank you for your info – I have definitely picked up something new from right here. I did however expertise a few technical issues using this website, since I experienced to reload the web site many times previous to I could get it to load correctly. I had been wondering if your web hosting is OK? Not that I’m complaining, but sluggish loading instances times will very frequently affect your placement in google and could damage your quality score if advertising and marketing with Adwords. Well I am adding this RSS to my email and can look out for much more of your respective exciting content. Ensure that you update this again very soon..
Aw, this was a really nice post. In thought I wish to put in writing like this additionally – taking time and actual effort to make a very good article… but what can I say… I procrastinate alot and not at all appear to get something done.
Hey there! Someone in my Facebook group shared this site with us so I came to take a look. I’m definitely loving the information. I’m book-marking and will be tweeting this to my followers! Superb blog and wonderful design and style.
Thankyou for this post, I am a big big fan of this internet site would like to continue updated.
I am not very fantastic with English but I come up this very leisurely to understand.
Some genuinely great blog posts on this website , regards for contribution.
I think this is among the most important information for me. And i am glad studying your article. However wanna commentary on some common things, The site style is wonderful, the articles is truly nice : D. Good task, cheers
Greetings from Carolina! I’m bored at work so I decided to check out your site on my iphone during lunch break. I really like the info you present here and can’t wait to take a look when I get home. I’m shocked at how fast your blog loaded on my mobile .. I’m not even using WIFI, just 3G .. Anyways, good site!
Thanks , I have recently been looking for information approximately this subject for ages and yours is the greatest I have found out till now. But, what about the conclusion? Are you positive in regards to the source?
Ikaria Lean Belly Juice is a dietary supplement that helps in losing weight.
At this time it looks like BlogEngine is the preferred blogging platform out there right now. (from what I’ve read) Is that what you’re using on your blog?
An interesting discussion is worth comment. I think that you should write more on this topic, it might not be a taboo subject but generally people are not enough to speak on such topics. To the next. Cheers
I?¦m now not sure the place you’re getting your information, however great topic. I must spend some time finding out more or understanding more. Thank you for wonderful info I used to be in search of this info for my mission.
I don’t ordinarily comment but I gotta say appreciate it for the post on this amazing one : D.
Right now it appears like Drupal is the top blogging platform available right now. (from what I’ve read) Is that what you are using on your blog?
You are a very capable person!
Once I initially commented I clicked the -Notify me when new feedback are added- checkbox and now every time a comment is added I get 4 emails with the same comment. Is there any means you may take away me from that service? Thanks!
I will right away grasp your rss feed as I can’t to find your email subscription hyperlink or e-newsletter service. Do you have any? Please let me know in order that I may subscribe. Thanks.
I just could not depart your website prior to suggesting that I extremely enjoyed the standard info a person provide for your visitors? Is gonna be back often in order to check up on new posts
I was very pleased to find this web-site.I wanted to thanks for your time for this wonderful read!! I definitely enjoying every little bit of it and I have you bookmarked to check out new stuff you blog post.
I must show some appreciation to this writer for bailing me out of such a circumstance. After surfing throughout the world wide web and coming across techniques that were not powerful, I figured my entire life was done. Existing without the presence of solutions to the issues you have solved through this posting is a crucial case, and ones which may have in a negative way affected my entire career if I had not come across your site. Your primary competence and kindness in controlling all the details was excellent. I’m not sure what I would’ve done if I hadn’t discovered such a thing like this. I am able to at this time relish my future. Thank you very much for this reliable and result oriented guide. I won’t think twice to propose the website to any person who would like guidelines about this subject.
What Is Exactly Emperor’s Vigor Tonic? Emperor’s Vigor Tonic is a clinically researched natural male health formula that contains a proprietary blend of carefully selected ingredients.
Lottery Defeater: What Is It? A software tool called Lottery Defeater was created to raise the odds of winning lottery tickets.
What is ProvaDent? In the dynamic landscape of dental care, innovation is key to improving patient experience and outcomes
Thank you for another informative blog. Where else could I get that type of info written in such a perfect way? I’ve a project that I’m just now working on, and I’ve been on the look out for such information.
I have been absent for a while, but now I remember why I used to love this site. Thanks, I will try and check back more frequently. How frequently you update your web site?
Very interesting information!Perfect just what I was looking for! “If you want to test your memory, try to recall what you were worrying about one year ago today.” by Rotarian.
I got what you intend, thanks for putting up.Woh I am delighted to find this website through google. “Being intelligent is not a felony, but most societies evaluate it as at least a misdemeanor.” by Lazarus Long.
fantastic put up, very informative. I ponder why the opposite experts of this sector don’t notice this. You should continue your writing. I’m sure, you’ve a huge readers’ base already!
I’m not sure where you are getting your information, but great topic. I needs to spend some time learning more or understanding more. Thanks for wonderful info I was looking for this information for my mission.
I like this weblog very much, Its a rattling nice billet to read and find info .
There is clearly a bundle to know about this. I feel you made some nice points in features also.
I really appreciate this post. I’ve been looking all over for this! Thank goodness I found it on Bing. You have made my day! Thanks again!
Thanx for the effort, keep up the good work Great work, I am going to start a small Blog Engine course work using your site I hope you enjoy blogging with the popular BlogEngine.net.Thethoughts you express are really awesome. Hope you will right some more posts.
you’re truly a good webmaster. The site loading speed is amazing. It seems that you are doing any unique trick. Also, The contents are masterwork. you’ve performed a excellent task in this matter!
What Is Wealth Signal? Wealth Signal isn’t just a financial tool; it’s a new way of thinking about and achieving wealth. Unlike traditional methods that focus on external strategies, Wealth Signal emphasizes changing your internal mindset.
I was suggested this web site by my cousin. I am no longer certain whether this submit is written through him as no one else recognise such particular approximately my problem. You are wonderful! Thanks!
I do agree with all of the ideas you have presented in your post. They are very convincing and will certainly work. Still, the posts are too short for novices. Could you please extend them a little from next time? Thanks for the post.
Hiya, I am really glad I have found this information. Today bloggers publish only about gossips and internet and this is really irritating. A good blog with exciting content, this is what I need. Thank you for keeping this website, I will be visiting it. Do you do newsletters? Can’t find it.
What Is LeanBiome? LeanBiome is a natural dietary supplement that promotes healthy weight loss.
Thank you for the good writeup. It in fact was a amusement account it. Look advanced to far added agreeable from you! However, how can we communicate?
A person essentially lend a hand to make significantly articles I’d state. That is the very first time I frequented your website page and thus far? I surprised with the research you made to make this actual submit extraordinary. Excellent job!
Greetings from California! I’m bored to death at work so I decided to check out your site on my iphone during lunch break. I love the info you provide here and can’t wait to take a look when I get home. I’m shocked at how quick your blog loaded on my phone .. I’m not even using WIFI, just 3G .. Anyways, excellent blog!
Nice read, I just passed this onto a colleague who was doing some research on that. And he actually bought me lunch as I found it for him smile Thus let me rephrase that: Thanks for lunch!
I just like the helpful information you supply in your articles. I’ll bookmark your blog and take a look at again right here frequently. I am fairly certain I will be told a lot of new stuff right here! Good luck for the next!
This design is steller! You most certainly know how to keep a reader amused. Between your wit and your videos, I was almost moved to start my own blog (well, almost…HaHa!) Fantastic job. I really enjoyed what you had to say, and more than that, how you presented it. Too cool!
Wonderful web site. A lot of helpful info here. I am sending it to a few buddies ans also sharing in delicious. And naturally, thank you on your effort!
you’ve gotten an amazing blog here! would you prefer to make some invite posts on my blog?
Good write-up, I’m normal visitor of one’s web site, maintain up the nice operate, and It is going to be a regular visitor for a long time.
I am glad to be one of the visitors on this outstanding website (:, appreciate it for posting.
Enjoyed studying this, very good stuff, regards. “It is in justice that the ordering of society is centered.” by Aristotle.
It’s really a nice and useful piece of info. I am happy that you just shared this helpful information with us. Please keep us informed like this. Thanks for sharing.
Nice post. I was checking continuously this blog and I’m impressed! Very useful info specially the ultimate section 🙂 I care for such info much. I used to be looking for this certain info for a long time. Thanks and good luck.
I do not even know how I ended up here, but I thought this post was good. I don’t know who you are but certainly you’re going to a famous blogger if you are not already 😉 Cheers!
Sweet website , super style and design, very clean and utilize pleasant.
Very interesting info !Perfect just what I was searching for!
I like this website very much so much superb information.
I like the efforts you have put in this, thank you for all the great articles.
Pretty! This was a really wonderful post. Thank you for your provided information.
Fitspresso review
Fitspresso reviews
Fitspresso review
I am very happy to read this. This is the kind of manual that needs to be given and not the random misinformation that’s at the other blogs. Appreciate your sharing this best doc.
I know this if off topic but I’m looking into starting my own blog and was curious what all is needed to get set up? I’m assuming having a blog like yours would cost a pretty penny? I’m not very web smart so I’m not 100 certain. Any suggestions or advice would be greatly appreciated. Thank you
I want assembling utile info, this post has got me even more info! .
I like what you guys are up also. Such smart work and reporting! Keep up the excellent works guys I have incorporated you guys to my blogroll. I think it’ll improve the value of my web site 🙂
Hello, Neat post. There is a problem together with your website in web explorer, could check this… IE still is the marketplace leader and a large component to people will pass over your great writing due to this problem.
Whoa! This blog looks exactly like my old one! It’s on a entirely different subject but it has pretty much the same layout and design. Great choice of colors!
What i don’t realize is in reality how you are now not really much more neatly-appreciated than you might be right now. You are so intelligent. You recognize thus considerably when it comes to this matter, made me individually consider it from numerous numerous angles. Its like men and women aren’t involved except it is one thing to accomplish with Girl gaga! Your personal stuffs nice. At all times deal with it up!
Hi there! Do you know if they make any plugins to safeguard against hackers? I’m kinda paranoid about losing everything I’ve worked hard on. Any suggestions?
I am often to blogging and i really appreciate your content. The article has really peaks my interest. I am going to bookmark your site and keep checking for new information.
Terrific work! This is the type of information that should be shared around the web. Shame on the search engines for not positioning this post higher! Come on over and visit my web site . Thanks =)
Pretty! This was a really wonderful post. Thank you for your provided information.