Nov inflation eases to 3.7%

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Headline inflation in November slowed further to 3.7 percent year-on-year from 4.3 percent in October, though still up from 3.3 percent a year earlier, official data showed on Friday.

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The November rate released by the Philippine Statistics Authority (PSA) came within the central bank’s forecast range of between 3.5 percent and 4.3 percent for the month, as well as private analysts’ estimates of between 2.5 percent and 4.1 percent.

Compared with the inflation rate in October, the rise in prices in November marked a deceleration in the indices for food and non-alcoholic beverages; housing, water, electricity, gas and other fuels; furnishing, household equipment and routine house maintenance; as well as transport.

mc/nt

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