On an annual basis, headline inflation rate in the Philippines slightly moved upward to 6.3 percent in August from 6.0 percent in July as inflation for all the commodity groups except for housing and repairs (H&R) posted higher rates. Inflation a year ago was 3.0 percent.

Year-on-year headline inflation rate in the Philippines went up by 0.6 percentage point to 5.1 percent in June from 4.5 percent in May. This is the highest inflation rate recorded since November 2001. The uptrend of the inflation rate was primarily brought about by the 3.0 percentage points growth in the inflation of services. Higher inflation rates registered in housing and repairs (H&R), fuel, light and water (FLW) and miscellaneous items also contributed to the increase. Inflation a year ago was 3.4 percent.

On an annual basis, headline inflation rate went up by 0.3 percentage point to 4.1 percent in April from 3.8 percent in March. This was mainly effected by the 0.5 percentage point increase in the inflation rate of food, beverages and tobacco (FBT). Acceleration in the inflation rates of housing and repairs (H&R) and services also contributed to the uptrend. Inflation a year ago was 2.8 percent.