BOP swings to deficit in April 2024
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PH payments position swings back to deficit in April 2024
The Philippines’ balance of payments (BOP) position reverted to a deficit in April on the back of the government’s settlement of some of its foreign currency debt.Data released by the Bangko Sentral ng Pilipinas (BSP) showed that the country’s BOP position stood at a shortfall of $639 million last month, a reversal from the $1.173-billion surplus seen in March.This was also higher than the $148-million BOP deficit seen in the same month last year.The BOP consists of a country’s economic...
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Consumer Price Index April 2024
Annual consumer price inflation was 5.2% in April 2024, down from 5.3% in March 2024. The CPI increased by 0.3% month-on-month in April 2024. The main contributors to the 5.2% annual inflation rate were: housing and utilities (increased by 5.8% year-on-year and contributed 1.4 percentage points);