"The 2024 inflation forecast is revised down to 3.3 percent from 3.6 percent and maintained at 3.2 percent in 2025," the multilateral lender said in its Asian Development Outlook December 2024 report released yesterday.
Inflation rose to 2.5 percent in November from 2.3 percent in October, bringing the average in the January to November period to 3.2 percent, within the government's two to four percent target band.
Last year, inflation averaged six percent.
The ADB said the reduction in rice import tariffs from June helped contain food inflation.
Food inflation was at 3.5 percent in November and averaged 4.6 percent from January to November.
Diese Geschichte stammt aus der December 12, 2024-Ausgabe von The Philippine Star.
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Diese Geschichte stammt aus der December 12, 2024-Ausgabe von The Philippine Star.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
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