Philippine Sep inflation hits record low, rates seen steady this year


(Source: Retail in Asia | October 7, 2015)

Philippine annual inflation slowed for a seventh consecutive month in September, taking it to a record low and bolstering views interest rates will be left unchanged the rest of the year.

The consumer price index rose 0.4 percent in September, below the 0.6 percent median in a Reuters poll but within the central bank’s 0.2-1.0 percent forecast for the month.

Inflation slowed due to lower utility, transport and fuel costs. Core inflation, which takes out volatile items in the consumer basket and measures the underlying trend in prices, also slowed to a record low of 1.4 percent in September.

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