{"id":239178,"date":"2019-12-05T01:20:45","date_gmt":"2019-12-05T06:20:45","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=239178"},"modified":"2019-12-05T01:20:45","modified_gmt":"2019-12-05T06:20:45","slug":"ph-inflation-rate-jumps-to-1-3-in-november","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2019\/12\/05\/ph-inflation-rate-jumps-to-1-3-in-november\/","title":{"rendered":"PH inflation rate jumps to 1.3% in November"},"content":{"rendered":"
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The average inflation to date stood at 2.5 percent, still within the government\u2019s 2 to 4 percent target band. (Pixabay photo)<\/figcaption><\/figure>\n

MANILA<\/strong>\u00a0— The country’s inflation rate rose to 1.3 percent in November, the highest after the 1.7 percent last August, from month-ago\u2019s 0.8 percent primarily due to faster rate of price increases of alcoholic beverages and tobacco index.<\/p>\n

The latest inflation rate, however, is way below the 6 percent level in the same period last year.<\/p>\n

The average inflation to date stood at 2.5 percent, still within the government\u2019s 2 to 4 percent target band, Philippine Statistics Authority (PSA) head Claire Dennis S. Mapa announced in a briefing Thursday.<\/p>\n

Other drivers of the inflation rate in the 11th month this year are housing, water, electricity, gas and other fuels; furnishing, household equipment, and routine maintenance of the house; health; and communication.<\/p>\n

On the other hand, inflation of the heavily-weighted food and non-alcoholic beverages posted a zero percent annual growth last November from 0.9 percent decline in the previous month.<\/p>\n

Among the meat products, Mapa said the inflation rate of chicken rose by about 20 percent and beef by around 5 percent while inflation rate of pork posted a higher negative rate of -6 percent from -4 percent last October.<\/p>\n

He said the upticks in the prices chicken and beef were noted since last month due to the impact of the African Swine Fever (ASF) on pork meat.<\/p>\n

Core inflation, which excludes volatile items like food and energy items, however, posted a flat growth of 2.6 percent, resulting to an average of 3.3 percent to date. Year-ago core inflation is higher at 5.1 percent.<\/p>\n

Mapa said domestic prices are still on deflation mode, with the November figure at -8.3 percent from month-ago\u2019s -9.7 percent.<\/p>\n

\u201cThis is already the 7th month that prices are on deflation,\u201d he added.<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA\u00a0— The country’s inflation rate rose to 1.3 percent in November, the highest after the 1.7 percent last August, from …<\/p>\n","protected":false},"author":33,"featured_media":144136,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,95],"tags":[],"class_list":["post-239178","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news","category-news-ph","mauthors-joann-villanueva","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/239178","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=239178"}],"version-history":[{"count":1,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/239178\/revisions"}],"predecessor-version":[{"id":239198,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/239178\/revisions\/239198"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/144136"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=239178"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=239178"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=239178"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}