The country`s year-on-year headline inflation rate went down further to 1.6 percent in May, from 2.2 percent in April. Interestingly, this has been the lowest inflation rate registered since 2000. According to Philippine Statistics Authority (PSA), the downtrend was mainly due to indices of housing, water, electricity, gas and other fuels and communication. Lower annual increments in the indices of food and non-alcoholic beverages; alcoholic beverages and tobacco; clothing and footwear; and furnishing, household equipment and routine maintenance of the house also contributed. Likewise, core inflation rate went down to 2.2 percent in May, from 2.5 percent in April. Source: Philippine Statistics Authority - National Statistics Office (PSA-NSO)
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The Philippine Stock Exchange Index (PSEi) ended at 7,580.46 for the month of May. This is lower compared to last April`s 7,714.82. Source: Philippine Stock Exchange (PSE)
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The Gross Domestic Product (GDP) grew by 5.2 percent in the first quarter of 2015. This rate is lower than that of the same quarter last year by 0.4 percentage points. The Gross National Income(GNI) growth rate also went down from 6.6 to 4.7 percent. . Source: Philippine Statistics Authority (PSA)
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