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Philippines: Inflation rate within 2010 target; Price changes in food, clothing eased in November.
Section: Economy - Headline inflation rate in November continued to be stable, as price increases of food and clothing eased, according to the National Economic and Development Authority.
Although the rate of change in prices of major commodities inched up by 3.0 percent in November this year compared to the same month last year, we are well within our target of 3.5 to 5.5 percent, said Socioeconomic Planning Secretary Cayetano W. Paderanga, Jr.
From January to November this year, the inflation rate registered 3.8 percent, which is within the 2010 target of 3.5 to 5.5 percent. October registered the lowest inflation rate in 2010 at 2.8 percent.
Moreover, …
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