What are some of the factors that contribute to a rise in inflation in the Philippines?
Answers
In the Philippines, the volatility of inflation has been caused by factors such as disturbances in agricultural food supply or movements in international oil prices. As a result, the headline inflation rate may reach double‐digit levels, even though the prices of other CPI components show only mild increases
Answer:
*Demand-pull inflation. Demand-pull inflation happens when the demand for certain goods and services is greater than the economy's ability to meet those demands.
*Cost-push inflation.
*Increased money supply.
*Devaluation.
*Rising wages.
*Policies and regulations
Explanation:
Inflation can occur when prices rise due to increases in production costs, such as raw materials and wages. A surge in demand for products and services can cause inflation as consumers are willing to pay more for the product.