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Philippine economy moves past speed bumps – ING @ 2019-10-06T04: 返回 新闻热点
关键词:in September September inflation
概念:
MANILA, PHILIPPINES — MALACANANG WELCOMED FRIDAY THE SLOWEST INFLATION RATE IN OVER THREE YEARS, WHICH THE PHILIPPINE STATISTICS AUTHORITY (PSA) PEGGED AT 0.9 PERCENT IN SEPTEMBER, SAYING THAT IT SHOWS THE ADMINISTRATION IS “DELIVERING RESULTS.”
THE CONSUMER PRICE INDEX ROSE 0.9 PERCENT IN SEPTEMBER FROM 1.7 PERCENT IN AUGUST, WITHIN THE BANGKO SENTRAL'S 0.6 TO 1.4 PERCENT FORECAST. THE MEDIAN FORECAST OF ECONOMISTS IN A REUTERS POLL WAS AT 1.1 PERCENT.
THE ISLAND’S ANNUAL INFLATION RATE LIKELY ACCELERATED TO 0.53% IN SEPTEMBER FROM 0.43% IN THE PREVIOUS MONTH, THE POLL SHOWED.
EUROZONE INFLATION FELL A TENTH TO 0.9% YEAR-OVER-YEAR IN SEPTEMBER, ACCORDING TO THE FLASH ESTIMATE RELEASED BY EUROSTAT ON TUESDAY. ECONOMISTS HAD FORECAST A 1% RISE, ACCORDING TO A FACTSET-COMPILED CONSENSUS. CORE CPI EDGED UP TO 1% FROM 0.9%. THE EUROPEAN CENTRAL BANK TARGETS INFLATION JUST BELOW 2%.
THE ANNUAL CORE INFLATION RATE PICKED UP SLIGHTLY TO 3.32% YOY IN SEPTEMBER FROM THE PREVIOUS MONTH’S 3.30%; WHILST VOLATILE PRICES SLOWED TO 5.49% FROM 5.96% OVER THE SAME PERIOD.SEPTEMBER’S INFLATION PRINT REMAINED WITHIN THE CENTRAL BANK’S TARGET RANGE OF 2.5-4.5%.
"IN SEPTEMBER 2019 WITHIN AVERAGE PRICES OF 418 ITEMS IN THE INDEX, AVERAGE PRICES OF 42 ITEMS REMAINED UNCHANGED WHILE AVERAGE PRICES OF 292 ITEMS INCREASED AND AVERAGE PRICES OF 84 ITEMS DECREASED," THE INSTITUTE SAID.
GLUTINOUS RICE HAS INCREASED IN PRICE THIS YEAR, BUT HEADLINE INFLATION WAS LOWER THAN EXPECTED IN SEPTEMBER. (PHOTO COURTESY OF COMMERCE MINISTER)
THE UNEMPLOYMENT RATE DROPPED TO 3.5% IN SEPTEMBER, A RATE NOT SEEN SINCE DECEMBER 1969. THAT IS UNDOUBTEDLY GOOD NEWS FOR WORKERS, BUT IT HAS LEFT ECONOMISTS PUZZLING OVER HOW LOW JOBLESSNESS CAN FALL AND FOR HOW LONG.
IN COMPARISON, MAPA NOTED THAT RICE PRICES JUMPED 10.4 PERCENT YEAR-ON-YEAR IN SEPTEMBER LAST YEAR, THEN FURTHER ROSE 10.7 PERCENT IN OCTOBER—THE PEAK OF RICE INFLATION, BEFORE SLOWING DOWN STARTING NOVEMBER AND DECLINING SINCE MAY THIS YEAR.
IN A STATEMENT, THE BSP DEPARTMENT OF ECONOMIC RESEARCH ANNOUNCED ITS PROJECTION FOR THE SEPTEMBER INFLATION AT 0.6 TO 1.4 PERCENT. THIS MEANS THAT BSP’S MODELS POINT TO AN ASSURED DECELERATION FROM THE 1.7-PERCENT INFLATION RATE IN AUGUST.

 

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