What is the Philippine inflation rate for 2015?
What is the Philippine inflation rate for 2015?
Philippines: Inflation rate from 1986 to 2026 (compared to the previous year)
| Characteristic | Inflation rate compared to previous year |
|---|---|
| 2017 | 2.85% |
| 2016 | 1.25% |
| 2015 | 0.67% |
| 2014 | 3.6% |
What caused inflation in the Philippines?
In the Philippines, the volatility of inflation has been caused by factors such as disturbances in agricultural food supply or movements in international oil prices. Such knowledge is important in the formulation of economic policy, particularly monetary policy, which responds mainly to broad‐based pressures on prices.
What is the inflation rate in the Philippines 2020?
2.64%
The Laspeyres formula is generally used. Philippines inflation rate for 2020 was 2.64%, a 0.15% increase from 2019.
What is the highest inflation rate in the Philippines?
Inflation Rate in Philippines averaged 8.15 percent from 1958 until 2021, reaching an all time high of 62.80 percent in September of 1984 and a record low of -2.10 percent in January of 1959.
What month did the Philippines have the highest inflation rate in 2015?
Core Inflation Rate in Philippines averaged 3.77 percent from 2001 until 2021, reaching an all time high of 7.25 percent in October of 2008 and a record low of 1.40 percent in September of 2015.
How does inflation rate affect businesses?
Inflation reduces the purchasing power of money since more money is now needed to buy the same items. High rates of inflation mean that unless income increases at the same rate, people are worse off. This leads to lower levels of consumer spending and a fall in sales for businesses.
What are the 3 main causes of inflation?
There are three main causes of inflation: demand-pull inflation, cost-push inflation, and built-in inflation. Demand-pull inflation refers to situations where there are not enough products or services being produced to keep up with demand, causing their prices to increase.
How does inflation affect businesses?
What is the inflation rate from 2017 to 2021?
Core inflation averaged 2.34% per year between 2017 and 2021 (vs all-CPI inflation of 3.19%), for an inflation total of 9.71%.
What year has the highest inflation rate?
US inflation rate rose to 6.8% in 2021, its highest since 1982.
What inflation means for businesses?
Inflation is a measure of the rate of rising prices of goods and services in an economy. Inflation can occur when prices rise due to increases in production costs, such as raw materials and wages. A surge in demand for products and services can cause inflation as consumers are willing to pay more for the product.
Is high inflation good for businesses?
What is premium taxi service in the Philippines?
The premium taxi service and its conditions aim to “promote safety, protection, comfort, and convenience to persons and property in their charges, as well as the safety of persons and property within their areas of operations.” CNN Philippines stresses that the memo posted on the website is a draft.
When will LTFRB’s premium taxi service be launched?
The premium taxi service of the LTFRB may be rolled out before 2015 ends, as per the timetable posted on the draft of the memorandum circular.
What are the operating conditions for the premium taxis?
Units should be air-conditioned. The service should have no fixed route. The fare will have to be authorized by the LTFRB. LTFRB also set the operating conditions for the premium taxis: The operator must have at least 20 units in the fleet. The top light must display “Premium Taxi.” Drivers must be in uniform and must have company IDs.
What are the requirements to become a premium taxi franchisee?
The top light must display “Premium Taxi.” Drivers must be in uniform and must have company IDs. All vehicles must have clear windows. All vehicles must be brand new at the time of franchise application. All vehicles must be in a color set by the LTFRB. All vehicles will have a maximum age of seven years.
