Abstract:

Prices remained unstable and vulnerable to shocks in the economy throughout most of the eighties. Inflation rates remained at two-digit levels (except for the periods 1975-78, 1983 and 1986-88) averaging 14.7 percent (see Table 32). The highest inflation rate, 50.3 percent was in 1984 at the height of the balance of payments crisis and the lowest at 0.8 percent in 1986 with the euphoria over the ouster of the Marcos government. 3.30 Generally, the price index is lower in areas outside of Metro Manila, although there are regions in the Visayas and Mindanao (Western Visayas and Northern Mindanao) where it is usually higher than the national average (see Table 32). The consumer price index for cereals and cereal preparations which include rice and corn has been relatively stable except for the years 1974, 1980-81, and in 1984 when it grew by 56.5 percent

Info

Source Institution	World Bank
Source URL	http://siteresources.worldbank.org/INTURBANDEVELOPMENT/Resources/336387-1169585750379/twurdwp1.pdf
Page Count	78
Place of Publication	Pasig City
Original Publication Date	February 1, 1993
Tags	Development, Environment, Environmental, Monthly Report, Transportation, Urban, Water, Working Paper