3 thoughts on “Inflation Rates in the Philippines and How Inflation Affects You

  1. In economics, inflation is a rise in the general level of prices of goods and services in an economy over a period of time. When the price level rises, each unit of currency buys fewer goods and services; consequently, annual inflation is also an erosion in the purchasing power of money – a loss of real value in the internal medium of exchange and unit of account in the economy. A chief measure of price inflation is the inflation rate, the annualized percentage change in a general price index (normally the Consumer Price Index) over time.

  2. This has changed in recent months. Again, bank rates haven’t suddenly been resurrected, but inflation has slipped back noticeably. After flaring up in the first quarter of this year, inflation has been negative since, meaning that overall prices have actually declined. This has given savings account rates and other deposit rates a rare opportunity to get ahead of inflation.