April 2014

According to the Bangko Sentral ng Pilipinas (BSP), the country’s gross international reserves (GIR) reached US$79.6 billion as of end-March 201. This level was lower by US$0.9 billion than the end-February 2014 GIR of US$80.5 billion. The GIR level can cover 11.1 months’ worth of imports of goods and payments of services and income. Source: Bangko Sentral ng Pilipinas, BSP

For the latest monthly data on GIR. Please view Table

The monthly average peso-dollar exchange rate continued to went down. From 44.927 in January, it went down to 44.792 in March, It shows that the peso had become stronger compared with the US dollar since the first month of 2014. Source: Bangko Sentral ng Pilipinas, BSP

For the time-series data on monthly average peso-dollar exchange rate. Please view Table

The Total Overseas Filipinos’ Cash Remittances registered at 1,799 million US dollars in January 2014. This is higher compared to 1,699 million US dollars in January 2013. Source: Bangko Sentral ng Pilipinas, BSP

For the latest data on OF Remittances by country and source. Please view Table

The country’s headline inflation rate further declined to 3.9 percent in March from 4.1 percent in February. According to the National Statistics Office, this was affected by the slower annual hikes posted in the indices of alcoholic beverages and tobacco; housing, water, electricity, gas and other fuels; recreation and culture; and restaurant and miscellaneous goods and services. Also, core inflation rate decelerated to 2.8 percent, from 3.0 percent in February. Source: National Statistics Office, NSO

For the time-series data on year-on-year inflation rate. Please view Table