The year-on-year headline inflation rate went up to 2.9 percent in December from 2.8 percent in November 2012. According to the National Statistic Office (NSO) this was due to higher annual rates in food and non-alcoholic beverages and alcoholic beverages and tobacco indices. The annual average headline inflation rate went down to 2.9 percent in 2012 from 4.2 percent in 2011.

The monthly average peso-dollar exchange rate went down further to 41.0067 in December, from 41.1222 in November. The peso had become stronger compared to US dollar during the past year.

Gross international reserves (GIR) reached US$84.2 billion as of end-December 2012, higher by US$8.9 billion (or by 11.8 percent) from that of the end-December 2011.

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