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Philippines’ Inflation Rate February 2019

PHILIPPINES’ INFLATION RATE 2019 – The inflation rate of the Philippines went down in February 2019.

Undeniably, in 2018, one of the matters that alarmed the public was the increasing inflation – it shows the increase in the prices of goods and basic commodities in the Philippines.

It was at 4.5% in April and it continued to increase reaching 6.7% in October 2018. A lot of Filipino people undeniably felt the effect of the increasing inflation in the country.

On the part of the government, President Rodrigo Roa Duterte assured that his administration is working things out with regards to the increasing inflation in the Philippines.

Several personalities also stressed that the increasing inflation is not only in the Philippines but as well as in other countries.

In December 2018, the inflation went down to 5.1% and it decreased further to 4.4%. Recently, the Philippines’ inflation rate for the month of February 2019 has been released.

Philippines' Inflation rate

Based on a social media post on the Facebook page of Manila Bulletin, the PSA announced that the government has reached its target when it comes to the inflation rate in the country.

The inflation rate of PH is at 3.8% in February 2019.

As of this writing, there are still no further information regarding the inflation rate in PH. We’ll keep you posted for updates.

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