Composite Index ended at 2,798.33 for the month of July. This is higher compared to last June`s 2,437.99.
The year-on-year headline inflation rate further decelerated to 0.2 percent in July from 1.5 percent in June. This was mainly due to the continued slowing down in the inflation rate of the heavily weighted food, beverages and tobacco (FBT) index and the declines in the annual price movements of fuel, light and water (FLW) and services index. Excluding selected food and energy items, core inflation at 3.6 percent was still slower than the 3.9 percent in June. - (NSO Press Release)
The country`s gross international reserves (GIR) climbed to a record high of US$39.99 billion as of end-July 2009, higher by US$496 million than the end-June 2009 level of US$39.49 billion. The current GIR level could cover 6.9 months of imports of goods and payments of services and income.(BSP)
The January to June fiscal deficit of the National Government reached P153.4 billion, P 1.7 billion lower than the programmed ceiling of P155.1 billion. The National Government registered a deficit in June amounting to P30.2 billion.- (DOF)
The year-on-year headline inflation rate further decelerated to 0.2 percent in July from 1.5 percent in June. This was mainly due to the continued slowing down in the inflation rate of the heavily weighted food, beverages and tobacco (FBT) index and the declines in the annual price movements of fuel, light and water (FLW) and services index. Excluding selected food and energy items, core inflation at 3.6 percent was still slower than the 3.9 percent in June. - (NSO Press Release)
The country`s gross international reserves (GIR) climbed to a record high of US$39.99 billion as of end-July 2009, higher by US$496 million than the end-June 2009 level of US$39.49 billion. The current GIR level could cover 6.9 months of imports of goods and payments of services and income.(BSP)
The January to June fiscal deficit of the National Government reached P153.4 billion, P 1.7 billion lower than the programmed ceiling of P155.1 billion. The National Government registered a deficit in June amounting to P30.2 billion.- (DOF)
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