The year-on-year headline inflation rate further picked up to 2.8 percent in November from 1.6 percent in October. This was mainly due to the acceleration in the inflation rate posted in the heavily weighted food, beverages and tobacco (FBT) index. Higher annual price increments in the indexes of clothing and services also contributed to the uptrend.
The Monthly Average Peso-Dollar Exchange Rate appreciated at 47.0324 in November from 46.8513 in October.
The Monthly Average Peso-Dollar Exchange Rate appreciated at 47.0324 in November from 46.8513 in October.
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