The Total Overseas Filipinos` Cash Remittances stood at 1.9 billion US dollars in April 2014. This is higher compared to 1.8 billion US dollars in April 2013. Source: Bangko Sentral ng Pilipinas, BSP

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The country`s year-on-year headline inflation rate went up to 4.5 percent in May from 4.1 percent in April. According to the Philippine Statistics Authority – National Statistics Office, the growth was primarily brought about by higher annual rate posted in the heavily-weighted food and non-alcoholic beverages index. Other indices that contributed to the increase were clothing and footwear; housing, water, electricity, gas and other fuels; furnishing, household equipment and routine maintenance of the house; transport; and communication. Likewise, core inflation rate increased to 3.1 percent in May from 2.9 percent in April 2014. Source: Philippine Statistics Authority-National Statistics Office (PSA-NSO)

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The peso continued to strengthen compared to the US dollar. The monthly average peso-dollar exchange rate further went down to 43.9263 in May, from 44.9266 in January 2014. Source: Bangko Sentral ng Pilipinas, BSP

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Philippine Stock Exchange index (PSEi) ended at 6,648 for the month of May. This is lower compared to last April`s 6,708. Source: Philippine Stock Exchange, PSE

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