March inflation slows down 6.4% on year

Published by rudy Date posted on April 7, 2009

MANILA, Philippines—(UPDATE) The growth rate of consumer prices eased in March, settling at 6.4 percent year-on-year from 7.3 percent in January, according to the National Statistics Office’s (NSO) latest report on inflation.

Prices last month were also increasing at the same pace as they were in March 2008.

Based on NSO data, last month’s was the lowest in eight months from a high of 12.4 percent in August 2008.

In terms of commodity groups, the group of fuel, light and water (FLW) exerted downward pressure on the overall consumer price index as rates went down by 2.8 percent.

All the other commodity groups showed slower increases in prices, including those of food, beverages and tobacco (FBT); clothing, housing and repairs; services and miscellaneous items.

Still, the rise in prices of food, beverages and tobacco remained in double-digits at 11.4 percent although this was a nine-month low from the 17.8 percent observed in July 2008.–Ronnel Domingo, Philippine Daily Inquirer

March –
IT’S WOMEN’S MONTH!

“Respect and support women
every day of the year/s!”

Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.

Accept the National Unity Government (NUG) 
of Myanmar.  Reject Military!

#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos

Time to support & empower survivors. Time to spark a global conversation. Time for #GenerationEquality to #orangetheworld!

 

Monthly Observances:
Women’s Role in History Month
Weekly Observances:
Week 1: Environmental Week;
   Women’s Week
Week 3: Philippine Industry and “
   Made-in-the-Philippines Products Week
Last Week: Protection and Gender-Fair Treatment
   of the Girl Child Week
Daily Observances:

March 8: Women’s Rights and   
   International Peace Day;
   National Women’s Day
March 4: Employee Appreciation Day
March 15: World Consumer Rights Day
March 18: Global Recycling Day
March 21: International Day for the Elimination
   of Racial Discrimination
March 23: International Day for the Right to the Truth
   Concerning Gross Human Rights Violations
   and for the Dignity of Victims
March 25: International Day of Remembrance of the
   Victims of Slavery and the Transatlantic Slave Trade
March 27: Earth Hour

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