Based on the preliminary data, the country’s gross international reserves (GIR) rose to US$83.97 billion as of end of June.

This is higher by US$1.04 billion from the end of May of US$82.93 billion. The end-June 2016 GIR remains ample as it can cover 10.3 months’ worth of imports of goods and payments of services and income. Source of data: Bangko Sentral ng Pilipinas (BSP) To view the time-series data on Gross International Reserves. Please click this Table The year-on-year headline inflation rate continued to go up to 1.9 percent in June, from 1.6 percent in May. The Philippine Statistics Authority (PSA) reported that the increase was mainly due to higher annual increment in the heavily-weighted food and non-alcoholic beverages index. Contributing also to the uptrend were higher annual growth recorded in the indices of alcoholic beverages and tobacco; clothing and footwear; furnishing, household equipment and routine maintenance of the house; health; recreation and culture; and restaurant and miscellaneous goods and services. Likewise, the core inflation rate further went up to 1.9 percent, from 1.6 percent a month ago. Source of data: Philippine Statistics Authority (PSA) To view the time-series data on year-on-year inflation rate. Please click this Table The average peso-dollar exchange rate went down to 46.4645 in June, from 46.8023 in May. It shows that the peso become stronger compared to the US dollar for the month of June. Meanwhile, this figure is higher compared to 44.9831 in the same period last year. Source of data: Bangko Sentral ng Pilipinas (BSP) To view the time-series data on monthly average peso-dollar exchange rate. Please click this Table