Inflation
Is
a persistent increase in the general price level of goods and services in an economy
over a period of time. When the general price level rises, each unit of
currency buys fewer goods and services. Consequently, inflation reflects a
reduction in the purchasing power per unit of money – a loss of real value in
the medium of exchange and unit of account within the economya. The
inflation rate in Philippines was recorded at 4.20 percent in January of
2014. Inflation Rate in Philippines is reported by the National Statistics
Office of Philippines. Inflation Rate in
Philippines averaged 8.93 Percent from 1958 until 2014b. Ibig
sabihin nito kung nilalagay mo lang sa banko ang pera mo kung saan ang
pinakamataas na interest ay 4% lugi kapa ng .20% as of January
of 2014.
