简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:MANILA, (Reuters) - According to the central bank, Philippine inflation in December was projected to be in the 7.8% to 8.6% range due to upward pressures from rising power rates and agricultural commodity prices.
After inflation reached 8% in November, it stated it would continue to watch events to avoid further expansion of price pressures. In the first week of January, the Philippines' statistics department will disclose inflation figures.
What really is Inflation means?
Inflation is defined as a rise in the overall price level of goods and services in an economy over time. When the overall price level rises, each unit of currency buys fewer products and services; hence, inflation implies a loss of money's buying power. The inflation rate, which is the annualized percentage change in a general price index (often the consumer price index) over time, is a key metric of price inflation.
Inflation may be produced by a variety of circumstances, including a rise in money supply, an increase in government expenditure, or a drop in goods and services output. Inflation may also be induced by a rise in manufacturing costs, such as the cost of raw materials or labor.
Inflation may affect an economy in both good and bad ways. On the one hand, it may boost spending and investment since consumers may anticipate prices to rise in the future and hence want to purchase products and services before they become more costly. High and persistent inflation, on the other hand, may cause uncertainty and instability because people may not know how much products and services will cost in the future, and it can also undermine the value of people's savings.
Governments and central banks often employ different measures to attempt to contain inflation and preserve price stability in an economy, such as interest rates and monetary policy.
Follow us for more world market news.
Download and install the WikiFX App from the download link below to stay updated on the latest news, even on the go.
Download link: https://www.wikifx.com/en/download.html
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Webull Financial, alongside Lightspeed Financial Services Group and Paulson Investment Company, LLC, has agreed to pay a collective fine of $275,000 following an investigation by the US Securities and Exchange Commission (SEC). The penalty was issued due to the firms’ failure to include essential information in suspicious activity reports (SARs) over a four-year period.
Barclays has reached a settlement with the UK’s Financial Conduct Authority (FCA), agreeing to pay a £40 million fine for failing to adequately disclose arrangements with Qatari investors during its critical fundraising efforts amidst the 2008 financial crisis.
In the midst of rapid advancements and evolving landscapes in financial technology, financial regulation, and ensuring financial security, WikiGlobal stands at the forefront, closely tracking these transformative trends. As we embark on our series of exclusive interviews focusing on these pivotal areas, we are delighted to have had an in-depth conversation with.
An individual trader has come forward with allegations of an unfavourable experience while using the services of the broker TradeEU.global.