YEAR-ON-YEAR INFLATION RATES IN THE PHILIPPINES, ALL ITEMS 2014 - November 2016 2014 Ave Jan Headline*

4.1

2.4

Feb

Mar

Apr

May

2015 Jun Jul Aug

2.5

2.4

2.2

1.6

1.2

0.8

0.6

Sep

Oct

Nov

Dec

AVE

Jan

Feb

Mar

0.4.

0.4.

1.1

1.5

1.4

1.3

0.9

1.1

Apr

2016 May Jun

Jul

Aug

Sep

Oct

Nov

1.1

1.6

1.9

1.8

2.3

2.3

2.5

1.9

The annual headline inflation at the national level increased to 2.5 percent in November 2016. Last month, it was recorded at 2.3 percent and in November 2015, 1.1 percent. Higher annual increments were noted in the indices of alcoholic beverages and tobacco; housing, water, electricity, gas, and other fuels; and transport. The rest of the commodity groups were either slower or remained at last month's rate.

2014 - Nov 2016 Monthly Headline Inflation Rate (2006-based)

13.0 11.0 9.0 7.0 5.0

4.1

3.0

2.4

2.5

2.4

2.2 1.6

1.0

1.2

0.8

0.6

1.1 0.4

0.4

1.5

1.3

0.9

1.1

1.3

1.9

1.9

1.8

2.3

2.3

2.5

1.1

-1.0 *2014

Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16 Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16

HEADLINE INFLATION - the annual rate of change or the year-on-year change in the overall CPI (Consumer Price Index) * 2006 - base year used starting 2007 Source: Philippine Statistics Authority as of 06 December 2016

Prepared by the SECTOR PLANNING BUREAU Source: Philippine Statistics Authority As of 13 December 2016

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