(UPDATE) INFLATION rose to a year high of 8.1 percent in December, the Philippines Statistics Authority (PSA) reported on Thursday, putting monetary authorities under continued pressure to keep raising interest rates.
Last month's result — the highest since November 2008 — was marginally faster than November's 14-year high of 8.0 percent. It also did not breach the Bangko Sentral ng Pilipinas' (BSP) 7.8-8.6 forecast for the month but was well over the 3.1 percent recorded a year earlier.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.