What is the Philippines’ annual headline inflation rate in 2022?



What is the Philippines’ annual headline inflation rate in 2022?

The Philippines’ annual headline inflation continued to move at a faster pace of 6.1 percent in June 2022. This is the highest recorded inflation since October 2018. Inflation in the previous month stood at 5.4 percent and in June 2021, 3.7 percent. Average inflation for the first half of the year was posted at 4.4 percent.

What is the inflation rate in the Philippines for 2019?

1 Philippines inflation rate for 2019 was 2.48%, a 2.73% decline from 2018. 2 Philippines inflation rate for 2018 was 5.21%, a 2.36% increase from 2017. 3 Philippines inflation rate for 2017 was 2.85%, a 1.6% increase from 2016. 4 Philippines inflation rate for 2016 was 1.25%, a 0.58% increase from 2015.

What brought up the inflation rate in June 2022?

The uptrend of inflation for June 2022 was primarily brought about by the higher annual growth rate in the index for food and non-alcoholic beverages at 6.0 percent, from 4.9 percent in the previous month. This was followed by transport whose index grew by 17.1 percent annually, from 14.6 percent in May 2022.

Which formula is generally used to calculate inflation in the Philippines?

The Laspeyres formula is generally used. Philippines inflation rate for 2020 was 2.64%, a 0.15% increase from 2019. Philippines inflation rate for 2019 was 2.48%, a 2.73% decline from 2018. Philippines inflation rate for 2018 was 5.21%, a 2.36% increase from 2017. Philippines inflation rate for 2017 was 2.85%, a 1.6% increase from 2016.