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Economic Research
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24 February 2017
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Philippines
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Economic
Update
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Philippines’s
consumer price index (CPI) increased to 2.7% in January, and has been on an
upward trend in recent months. We expect inflation to continue rising
throughout this year, mainly led by higher fuel and administered price
inflation. We expect CPI to rise +3% in 2017 (vs +1.8% in 2016), boosted by:
1.
Higher fuel and commodity prices;
2.
Impending adjustments to the electricity rate;
3.
Resilient domestic demand;
4.
Government’s broad fiscal reform programme;
5.
Weaker PHP.
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Friday, February 24, 2017
Inflation On Upward Trend But Still Within 2017’s Target
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