The Philippine Stock Exchange Index (PSEi) ended at 7,283.07 for the month of September. This is higher compared to last August`s 7,050.89. Source: Philippine Stock Exchange (PSE)
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Based on preliminary data, the gross international reserves (GIR) stood at US$80.43 billion as of end of September 2014, it was lower by US$0.44 billion from the end of August of US$80.87 billion. Nonetheless, the GIR level remains ample as it can cover 10.9 months worth of imports of goods and payments of services and income Source: Bangko Sentral ng Pilipinas (BSP)
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The average peso-dollar exchange rate continued to rise in September. From 43.7673 in August, it inched up to 44.075. This is higher compared to 43.832 in the same period last year. Nonetheless, the highest monthly average rate for 2014 remains to be that in January at 44.9270. Source: Bangko Sentral ng Pilipinas (BSP)
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The country`s year-on-year headline inflation went down to 4.4 percent in September, from 4.9 percent in August. The downtrend was mainly due to slower annual growth in the heavily-weighted food and non-alcoholic beverages index. To compare, the rate was only 2.7 percent in September 2013. Meanwhile, the core inflation rate remained at 3.4 percent, same as that of last month and 2.3 percent higher than that for the same period last year. Source: Philippine Statistics Authority - National Statistics Office (PSA-NSO)
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