<\/p>\n
By Katherine K. Chan<\/strong>, Reporter<\/em><\/p>\n Elevated oil prices began to feed through food and utility costs, driving headline inflation to an over three-year high of seven.2% in April, the Philippine Statistics Authority (PSA) said on Tuesday.<\/p>\n PSA data showed that the patron price index (CPI) heated as much as 7.2% last month, from 4.1% in March and 1.4% a yr ago.<\/p>\n This was the fastest headline print for the reason that 7.6% seen in March 2023. It also blew past the 5.5% median in a BusinessWorld poll of 17 analysts and the central bank\u2019s 5.6%-6.4% estimate for the month.<\/p>\n National Statistician Claire Dennis S. Mapa noted that faster price increases in food and nonalcoholic beverages, transport, and utilities pushed the CPI up last month.<\/p>\n As of April, inflation averaged 3.9%, a tad below the upper end of the Bangko Sentral ng Pilipinas\u2019 (BSP) 2%-4% full-year goal.<\/p>\n April likewise marked the second consecutive month that the headline print accelerated past the BSP\u2019s goal.<\/p>\n The PSA also reported that core inflation, which excludes volatile food and fuel prices, picked as much as 3.9% in April from 3.2% in March and a pair of.2% a yr earlier.<\/p>\n This was the quickest core print for the reason that 4.4% logged in December 2023.<\/p>\n Meanwhile, inflation for the underside 30% of income households accelerated to its fastest pace in over three years at 8.5% in April, from 4.2% in March and 0.1% in the identical month last yr.<\/p>\n<\/p><\/div>\n <\/p>\n","protected":false},"excerpt":{"rendered":" PHILSTAR FILE PHOTO By Katherine K. Chan, Reporter Elevated oil prices began to feed through food and utility costs, driving headline inflation to an over three-year high of seven.2% in April, the Philippine Statistics Authority (PSA) said on Tuesday. PSA data showed that the patron price index (CPI) heated as much as 7.2% last month, […]<\/p>\n","protected":false},"author":1,"featured_media":329516,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[9131,1886,2047,17105,2667,1901,1137,4724],"class_list":["post-329515","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-april","tag-crisis","tag-high","tag-inflation","tag-oil","tag-philippine","tag-pushes","tag-threeyear"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/posts\/329515","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/comments?post=329515"}],"version-history":[{"count":2,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/posts\/329515\/revisions"}],"predecessor-version":[{"id":329518,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/posts\/329515\/revisions\/329518"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/media\/329516"}],"wp:attachment":[{"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/media?parent=329515"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/categories?post=329515"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/tags?post=329515"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}