Philippines: Core Disinflation in September Amid Food Price Shocks
• Lower-than-expected inflation of 6.7%YoY in September was driven by soaring CPI rice and vegetables resulting from the typhoon-induced, supply...
494 Views
Philippines: Another Aggressive BSP Rate Hike Mirrors Its Hawkish Stance
Amid typhoon-driven, supply shocks, rising but 'transitory' food prices, and domestic demand remaining firm, the Monetary Board (MB) approved...
459 Views
Philippines: Resilient Current Account Deficit Risk
While the hefty current account (C/A) deficit resumed in 2Q18 (-3.6% of 2Q GDP), it was offset by strong direct investments courtesy of FDI...
409 Views
Philippines: Sleuthing for Upside Risk to Rice CPI Post-Typhoon
We estimate rice inflation can rise (fall) by 0.26% for every 100K tons decrease (increase) of total rice inventory. Getting a ‘beta’ that...
533 Views
Philippine CPI: Heightened Food Inflation in Aug Creates Another Inflation Surge
August headline CPI's annualized rate hit a high of 10% (vs 6.2% in July) as this depicted inflation’s surge during the month. Broad food CPI’s...
488 Views