Subscribe free to our newsletters via your
. Earth Science News .

Philippine inflation jumps following Haiyan
by Staff Writers
Manila (AFP) Jan 07, 2014

Devastation caused by Super Typhoon Haiyan pushed inflation in the Philippines to a two-year high of 4.1 percent in December, the government said Tuesday.

Economic Planning Secretary Arsenio Balisacan said major food items rose across the board, especially in storm-hit areas.

Haiyan lashed the central Philippines in November, leaving 8,000 people dead and missing and more than four million homeless. It also destroyed key infrastructure, which led to gridlocks that resulted in artificial supply crunches, the government said.

"Almost all food items in the average consumer basket increased, which can be mainly attributed to the impact of Typhoon Yolanda (the local name of Haiyan)," Balisacan said in a statement.

"Some food items even reached double-digit inflation in the areas hardest hit by the typhoon," he added.

He said December's inflation was the highest since the 4.2 percent registered in December 2011.

However, full-year inflation averaged 3.0 percent, which is at the low end of the government's 3.0-5.0 percent target.

Balisacan said that adding to inflation pressures were an uptick on oil prices as well as a 40 percent hike in generation charges imposed by Manila Electric Co., which distributes power to Manila and its surrounding provinces.


Related Links
Bringing Order To A World Of Disasters
A world of storm and tempest
When the Earth Quakes

Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks DiggDigg RedditReddit GoogleGoogle

Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

'Village of Widows' determined to rebuild in India flood disaster
Deoli, India (AFP) Jan 07, 2014
Cradling her newborn daughter at her home in a remote valley in the Indian Himalayas, Dhanita Devi tells of her determination to fight for her family's survival. Devi's husband was killed, along with thousands of others, when flash floods and landslides tore through the mountains of northern Uttarakhand state in June. Devi, 22, was left alone, with no income and few savings, to provide f ... read more

Four arrested over Italy quake contract bribes

Philippine inflation jumps following Haiyan

'Cramped' houses row over Philippine typhoon survivors

System of phone alerts could warn of extreme weather in India

Sony unveils game service as PS4 sales top 4.2 million

S. Asia takes 71 percent of market for ship breaking

New compounds discovered that are hundreds of times more mutagenic

ISRO raises GSAT-14's orbit

Norway says working to end Russian boycott on fish exports

Melanin in marine fossils offers clues about where they could survive

Despite rains, Dead Sea water levels falls again in December

For sharks, old age may be 70 or more: study

Ice rescue sparks Antarctic tourism debate

Antarctic mission over as ships clear ice field

Trapped ships break through Antarctic ice

El Nino tied to melting of Antarctica's Pine Island Glacier

Over 350 sick in Japan after eating pesticide-tainted food: NHK

Indonesian palm oil firm to pay losses in 'historic' ruling

Improper use of biocides in food production may endanger public health

Wanted: Billions of bees for European farms

Mine landslide triggered quakes

Texas to hire seismologist to study if quakes, energy production tied

Longmanshen fault zone still hazardous

Ground-breaking work sheds new light on volcanic activity

EU eyes military mission in C. Africa to deter massacres

China to work with Ghana on illegal mining: FM

A year after Mali action, France remains 'Africa's gendarme'

China says investment in Africa 'mutually beneficial'

Turning Off the "Aging Genes"

Money Talks When Ancient Antioch Meets Google Earth

Reading a good book may make permanent changes to your brain

Finnish research team reveals how emotions are mapped in the body

The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement