inflation rate January Inflation Holds Steady at 2.9%, Driven by Food and Transport, Remains Within BSP Target According to preliminary statistics released by the Philippine Statistics Authority (PSA), January's headline inflation was stable as a rise in food prices was counterbalanced by lower electricity expenses. Similar to December, the consumer price index (CPI) increased 2.9% year over year in January. Additionally, it fell within the Bangko
inflation rate BSP Maintains Measured Rate Cuts Despite October Inflation Pickup Despite the fact that inflation accelerated in October, the Bangko Sentral ng Pilipinas (BSP) stated that it would stick to its "measured" rate-cutting cycle, preventing extreme easing as long as price growth continued to follow monetary authorities' projections. “The latest inflation outturn is consistent with the BSP’s assessment that
inflation rate Inflation in the Philippines decreased in February to 8.6% 3 percent was a lower inflation rate in February 2022. The average inflation rate for the first two months of this year stood at 8.6 percent. "Among the 13 commodity groups, the transport was the sole driver of the downtrend of the overall inflation during the month, recording a
inflation rate Pakistan's inflation increases to 31.5%, the highest level in almost 50 years. The State Bank of Pakistan raised the key policy rate by 300 bps to 20% due to rising inflation. In this off-cycle meeting, investors had anticipated that the State Bank of Pakistan would increase its main policy rate by 200 basis points. The State Bank of Pakistan's key rate is
