The average peso-dollar exchange rate slightly went down to 44.4136 in April, from 44.4457 in March. However, this figure is still lower than that for the same period last year (44.6420). It shows that the peso had become relatively stronger compared to the US dollar.
Source: Bangko Sentral ng Pilipinas (BSP)
The year-on-year headline inflation rate continued to go down to 2.2 percent in April, from 2.4 percent in March. As noted in the press release of the PSA-NSO, the decline was still due to decreases in the indices of housing, water, electricity, gas and other fuels, as well as of transport and communication. Annual increases in indices of food and non-alcoholic beverages, clothing and footwear, health, and restaurant and miscellaneous goods and services also eased. Meanwhile, the core inflation rate slightly declined to 2.5 percent in April, from 2.7 percent in March.
The Philippine Stock Exchange Index (PSEi) ended at 7,714.82 for the month of April. This is lower compared to last March`s 7,940.49.
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Source: Philippine Statistics Authority - National Statistics Office (PSA-NSO)
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Source: Philippine Stock Exchange (PSE)
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