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Economic
Research
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5
April 2017
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Philippines
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Economic Update
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Headline
inflation inched up to 3.4% YoY in March, from +3.3% in February, due mainly
to a faster increase in the heavily-weighted cost of housing & utilities.
Going forward, we forecast inflation to rise to 3.3% in 2017, from +1.8% in
2016. This is premised on:
1.
Higher domestic fuel prices compared to a year ago;
2.
Upward adjustment in electricity rate;
3.
Resilient domestic demand;
4.
The proposed tax policy reform programme.
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Wednesday, April 5, 2017
Inflation Continues To Accelerate On Electricity Rate Hike
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