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

20 February –
WORLD DAY OF SOCIAL JUSTICE

“Every day, give everyone their due.
Every day should be Social Justice Day!

The only way”

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!

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

 

 
February Observances

1-7 Feb: World Interfaith Harmony Week
01 Feb: World Wetlands Day
02 Feb: International Day of Human Fraternity
04 Feb: International Day of Zero Tolerance
   for Female Genital Mutilation
11 Feb: International Day of Women and Girls
   in Science
20 Feb: World Day of Social Justice

Monthly Observances:
National Health Insurance Month
Weekly Observances:
Week 1: National Awareness Week
for the 
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Daily Observances:
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