Philippines Inflation Rate

The inflation rate in Philippines was last reported at 2.7 percent in February of 2012. Inflation rate refers to a general rise in prices measured against a standard level of purchasing power. The most well know measures of inflation are the CPI which measures consumer prices, and the GDP deflator, which measures inflation in the whole domestic economy.

According to the chart above during 2009 the philippines was at a very high inflation that went  down dramatically as it reached the year 2010. In my opinion this increase in the inflation is because of the  fact that the government is trying to help the unemployed by producing money and creating job opportunities. Because they are creating more money the prices have increased each year and the consumers are having a hard time coping with it.