Philippine Inflation February 2024 Report

3.4%

Higher

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<p>Various factors such as supply chain disruptions, increasing energy prices, or government policies could have contributed to the increase in inflation.</p> Signup and view all the answers

<p>A higher inflation rate means that the purchasing power of consumers decreases as prices rise faster than income, leading to reduced affordability of goods and services.</p> Signup and view all the answers

<p>Prolonged high inflation can lead to reduced investments, lower consumer spending, and currency depreciation, impacting economic growth negatively.</p> Signup and view all the answers

<p>The government can implement monetary policies like increasing interest rates, fiscal policies like controlling government spending, and supply-side policies to address structural issues.</p> Signup and view all the answers

<p>'Core inflation' excludes volatile food and energy prices to provide a clearer picture of underlying inflation trends, helping policymakers make informed decisions.</p> Signup and view all the answers