BSP Gov. Benjamin Diokno Reveals Q1 Inflation 2019
Q1 INFLATION – Bangko Sentral ng Pilipinas Governor Benjamin Diokno revealed the inflation rate for the first quarter of year 2019.
One of the widely-talked about public concerns in 2018 was the increasing rate of the prices of basic goods and commodities in the Philippines. Last October, it has reached 6.7% which alarmed a lot of people.
Some authorities expressed that it is felt not only in the Philippines but as well as in other countries. The Duterte administration worked out the situation that caused worries to the people.
Undeniably, a lot of individuals are thinking that the rising of the prices is connected to the implementation of the Tax Reforms for Acceleration and Inclusion (TRAIN) Act.
Meanwhile, since December 2018, the inflation rate started to decrease. It was at 5.1% in the last month of 2018 then it hit 4.4% in January 2019. In February, the rate landed at 3.8% and went further to 3.3% in March.
Recently, an update regarding the inflation rate in the Philippines for the first quarter of the year 2019 crossed the surface.
Based on a recent social media post on GMA News‘ Facebook page, Bangko Sentral ng Pilipinas Governor Benjamin Diokno revealed that the rate for the Q1 is at 3.9%.
Currently, the rate for the first quarter of 2019 is already within the target of the government. The state has set a range between 2% to 4%.
As of this writing, there are still no further information regarding the matter. We’ll keep you posted for updates.