By commodity, tomatoes see the highest inflation in January 2025, surging to 155.7% from an already high 120.8% in December 2024
This is AI generated summarization, which may have errors. For context, always refer to the full article.three months of accelerationThe January 2025 inflation rate is the same as the December 2024 figure, but slightly lower than the 2.8% a year ago, or in January 2024.
In 2024, the country’s inflation rate averaged at 3.2%, within the government’s target range of 2% to 4%. By commodity, tomatoes saw the highest inflation in January 2025, surging to 155.7% from an already high 120.8% in December 2024.The Bangko Sentral ng Pilipinas earlier projected January’s inflation print would settle within the 2.5%-3.3% range as petroleum and food prices continued to rise due to the“These upward price pressures are expected to be offset in part by lower prices of rice and electricity rates,” the central bank had said in a statement.
“The country’s current account deficit remains substantial, making the peso more vulnerable to external forces such as the monetary policy of the Federal Reserve and the“Aggressive rate cuts from the BSP may exert pressure on the peso, which may contribute to inflation expectations.” The Monetary Board vowed to continue taking a measured approach in the balancing act between ensuring price stability and sustainable economic growth.
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