Daily Tribune
Vendors arrange vegetables for sale in Tandangsora, Quezon City, along Commonwealth Avenue on Thursday. The Asian Development Bank forecasts inflation to drop to 3.2 percent in 2025, down from its previous estimate of 3.4 percent.
Analy Labor
Inflation last month slightly rose to 2.9 percent from 2.5 percent in November, the Philippine Statistics Authority reported Tuesday.
The latest figure settled within the Bangko Sentral ng Pilipinas' projection of 2.3 to 3.1 percent for December.
The growth was mainly driven by higher prices of food which rose by 3.4 percent and housing, utilities and fuels with 2.9 percent inflation.
However, rice prices, in particular, continued to decline to 0.8 percent last month from 5.1 percent in November.
