{"id":62782,"date":"2015-10-12T00:01:24","date_gmt":"2015-10-12T05:01:24","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=62782"},"modified":"2015-10-12T22:44:15","modified_gmt":"2015-10-13T03:44:15","slug":"ph-seen-to-maintain-low-inflation-rate-until-2016","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2015\/10\/12\/ph-seen-to-maintain-low-inflation-rate-until-2016\/","title":{"rendered":"PH seen to maintain low inflation rate until 2016"},"content":{"rendered":"
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MANILA \u2013 With the \u2018benign\u2019 impact of the El Ni\u00f1o phenomenon and the stable global commodity prices, an economist from the financial services firm JP Morgan predicted a low Philippine inflation rate which would remain until next year.<\/p>\n

According to JP Morgan chief Southeast Asian economist Sin Ben Ong, global commodity prices, including food prices, have been expected to remain weak in the succeeding months despite the dry season.<\/p>\n

A modest inflation rate would remain towards the end of 2015, with a 0.4 to 0.6 percent year-on year. And from 1.8 percent, the inflation rate for 2016 could be down to 1.3 percent year-on-year.<\/p>\n

\u201cOne of the concerns in the Philippines this year had been the impact of El Ni\u00f1o on domestic food prices, especially of rice and so far, it has been surprisingly benign,\u201d Ong said in a research note.<\/p>\n

The country\u2019s inflation rate has been easing from 2.5 percent in February to 2.4 percent in March, 2.2 percent in April, 1.6 percent in May, 1.2 percent in June, 0.8 percent in July, 0.6 percent in August and the lowest 0.4 percent in September.<\/p>\n

The El Ni\u00f1o dry spell has been predicted to disrupt the growth and inflation prospects in the Philippines and other neighboring countries due to the higher temperature and droughts\u2019 implications to agriculture and other sectors.<\/p>\n

But with \u2018disinflation,\u2019 the slowing rate of price inflation, experienced instead, the inflation rate has been expected to continuously be reduced marginally in the coming months.<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA \u2013 With the \u2018benign\u2019 impact of the El Ni\u00f1o phenomenon and the stable global commodity prices, an economist from …<\/p>\n","protected":false},"author":33,"featured_media":62785,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[249],"class_list":["post-62782","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-rewrite","mauthors-cyra-moraleda","mauthors-philippine-canadian-inquirer"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/62782","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=62782"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/62782\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/62785"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=62782"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=62782"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=62782"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}