Philippine economy faces more inflation
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The Philippine central bank should raise interest rates or price inflation will bust out of the government&#39;s 4 percent to 5 percent target for the year, a former Bangko Sentral ng Pilipinas governor says.
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With prices heating up to combustion point, you need inflation protection.
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Led by higher gasoline prices, consumer inflation shot up in November by the largest amount in more than two years.
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Think 4% inflation is too high? Our basket of luxury goods costs 7% more than one year ago.
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The Philippines needs about 50 billion pesos ($1.01 billion) to rebuild villages and farms destroyed after four typhoons crashed into the country in the past three months, a Cabinet official said on Monday.
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Inflation continued to creep up in December, but the rise in prices will likely do little to hold back an interest rate cut by the Federal Reserve this month.
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Anxiety over the potential for higher inflation, driven by a strong global economy, is preoccupying investors.
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Japanâs inflation rose at the fastest pace in more than nine years in November while industrial production and household spending declined.
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China's economy will grow by 9.3 percent this year, the government forecast Thursday, amid signs that efforts to tame the economic boom may be failing to cap inflation.
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Business & money: Bank could step in to tackle fresh inflation fears.
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Surging oil prices could moderate China's economy this year as rising costs push inflation higher, hitting corporate profits and consumer pocket books, analysts and state press said.
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Consumer inflation surged by the largest amount in more than two years in November, led by gasoline prices. The cost of clothing, airline tickets and prescription drugs also jumped.
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Latvia's new government will have its work cut out, reining in the Baltic EU member's soaring inflation rate, with experts predicting price increases are unlikely to ease until late next year.
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Chinese inflation ran at 5.3% for the second consecutive month in August, despite  efforts to rein in the booming economy, figures show.
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The Philippine economy is growing at its fastest rate in 17 years, boosted by all major economic sectors.
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President Arroyo&#39;s declaration that the Philippines was in a fiscal crisis drove markets sharply lower, but analysts said Tuesday the remark was probably a ploy to win support for new taxes.
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China's consumer inflation picked up pace in November, largely due to an increase in food prices, figures show.