"Philippines Changes Inflation Calculation After CPI Shows Overheating Economy"
by Tyler DurdenTue, 03/06/2018 - 11:36
Tyler Durden wrote, "the country's latest CPI print showed that the economy was overheating - which would force the central bank to hike rates, something it has long resisted - the country had a radical solution: change how CPI is calculated."
Compare how PH inflation rate in 2006 = 1000 vs 2012 = 100. Malinaw ang iwas-pusoy ng Dutertenomics. "Less inflationary" si 3.9% vs 4.5%.
Until January 2018 inflation report, PSA was using 2006=100.
Summary Inflation Report Consumer Price Index (2006=100): January 2018
Reference Number: 2018-023
Release Date: Tuesday, February 6, 2018
YEAR-ON-YEAR
By February 2018 inflation report, PSA suddenly changed to 2012 = 100. Magaleeeng.
Summary Inflation Report Consumer Price Index (2012=100): February 2018
Reference Number: 2018-039
Release Date: Tuesday, March 6, 2018
Starting March 2018, the PSA will release the rebased CPI series as announced in the press release number 2018-031 dated 22 February 2018. Data users can expect two sets of the CPI as the new series shall be issued simultaneously with the 2006-based series until June 2018. The CPI series for July 2018 onwards shall be 2012-based.
YEAR-ON-YEAR