Philippines-ASEAN

Philippines-ASEAN
Inflation
Inflation Rates
Rates

Team MI
Angeles, Ricardo
Cavestany, Cody
Cavestany, Lester
Daleon, Benjamin Paolo
De la Torre, Dennis
Dimacuha, Angelito
Ilagan, Ramon
Lumauig, Diana
Mallari, Peter Anthony
Reyes, Marie Antoinette

Brunei Darussalam

Brunei Darussalam Inflation Rate 2001 2010

Brunei Darussalam Inflation Rate 2001 2010

lowest inflation rates in Southeast Asia
Brunei dollar pegged at parity with the Singapore dollar
extensive government subsidies on rice, sugar, fuel,
housing, education and health services
no tax on personal income and sales of goods and services
ASEAN economies account for 45% total imports; 39% are
from US, Japan and Europe
Brunei Monetary Authority set up early this year
2002 deflation rate of 2.3%
2008 - highest rate at 2.1%

Cambodia

Cambodia Inflation Rate 2001 2010

Cambodia Inflation Rate 2001 2010

double-digit inflation before 1999
economy on its way to recovery
highly dollarized, foreign currency circulation nearly 95%
2001 deflation rate at 0.6%; stable exchange rate;
liberal trade policy open to both imports and exports
2003 - low rate at 1.2%; domestic reforms raising
economic efficiency
2008 high rate at 25.0%; global crisis

Indonesia

Indonesia Inflation Rate 2001 2010

Indonesia Inflation Rate 2001 2010

highly fluctuating inflation rates
vulnerability to natural disasters
Bank of Indonesias deviations in inflation targets
2005 - highest inflation rate at 10.5% in ASEAN
2006 high rate of 13.1%, low food production and price
instability
2010 - low rate of 5.1%, low food production and price
instability

Lao PDR

Lao PDR Inflation Rate 2001 2010

Lao PDR Inflation Rate 2001 2010

Accelerated inflation due to the kip depreciating against the
dollar
Thailand as a major source of imports
2003 high rate at 15.5%
2004 inflation highest at 10.5%in Southeast Asia
2007 low rate at 4.5%, hydropower projects and
growth in mining
2010 inflation at 6.0% due to droughts,
floods, diseases in farm animals

Malaysia

Malaysia Inflation Rate 2001 2010

Malaysia Inflation Rate 2001 2010

consistently low, single-digit and very stable inflation
three-decade-feat virtually eradicated poverty, built a worldclass infrastructure and became a major exporter.
plan to attain high-income country status by 2020 through
structural reform programs
2008 - highest at 5.4%, maintained price controls on
basic goods
2009 - low at 0.6%
ringgit appreciated

Myanmar

Myanmar Inflation Rate 2001 2010

Myanmar Inflation Rate 2001 2010

highest inflation rates in double-digits in ASEAN
Data and statistics are unreliable
2002 highest at 57.1%, international sanctions
2004 low at 4.5%, temporary ban on rice exports
2007 high at 35.0%, monetized fiscal deficits
2009 - lowest at 1.5% despite Cyclone Nargis

Singapore

Singapore Inflation Rate 2001 2010

Singapore Inflation Rate 2001 2010

hub of foreign investments
pro-foreign investment, export-oriented economic policies
open and liberal economy for international trade
low levels of corruption incidence
2002 - deflation at 0.4%, depression in private sector
consumption and investment
2004 - 1.7%, world commodity prices, price shocks from
food-related diseases effected
2008 highest rate at 6.5%
global financial crisis cushioned by
fiscal stimulus package

Thailand

Thailand Inflation Rate 2001 2010

Thailand Inflation Rate 2001 2010

strong private consumption spending
strong currency, the Thai baht
2002 rate at 0.7%, ease access to credit, provision of
a stimulus (village fund project)
2006 rate at 4.6%, military coup overthrew the
government
2008 highest at 5.5%, low-income households
assisted with subsidies, assistance
for small rural enterprises
2010 rate at 3.2%, violent
demonstrations in Bangkok,
low agricultural productivity

Viet Nam

Viet Nam Inflation Rate 2001 2010

Viet Nam Inflation Rate 2001 2010

one of the fastest-growing economies in the region
reduced poverty dramatically
2004 rate at 7.8%, drought, avian flu outbreak, rising
world prices for rice
2008 highest at 23.1%, rise in world commodity & food
prices
2011 Resolution 11 - macroeconomic policy measures
including increasing electricity
prices while shielding the poor,
using a more market-based
mechanism for petroleum pricing

Philippines

Philippines Inflation Rate 2001 April 2011

Philippines Inflation Rate 2001 2010

single-digit inflation rates
2001 slump at 6.0%, political instability
2003 stable at 3.1%, slowdown in food inflation
2005 - adverse effect of El Nio on agricultural output
2007 - lowest rate at 2.8%, stable prices of commodities
2008 - highest rate at 9.3%, global financial crisis
2009 - subdued demand conditions

PH vis ASEAN
Inflation Rate
2001 2010

PH vis ASEAN
Inflation Rate
2001 2010
Predominantly rising inflation rates in most ASEAN Member
States
Sound monetary policies of Bangko Sentral have mostly
contained price pressures in the Philippines
Political stability and measures to curb corruption
contribute to growing investor confidence in the Philippines
Philippines still lags behind Malaysia, Thailand, Indonesia
and Viet Nam in the global competitiveness ranking of the
World Economic Forum

PH vis ASEAN
Inflation Rate
2001 2010
Responses to soaring international food prices:
Indonesia suspended duties on food-related items
Philippines lifted the tariff on refined sugar as well as a
zero tariff on milling wheat last year
Thailand imposed limited and targeted capital controls
to reduce inflows of short-term capital in the 4th quarter
of 2010

PH vis ASEAN
Inflation Rate
2001 2010
Singapores pro-foreign investment and strong export
orientation
Malaysias favourable labor market conditions and
increasing credit to households and businesses to keep
low inflation rates
Thailands interventions to stimulate private consumption
and assistance to small rural enterprises

PH vis ASEAN
Inflation Rate
2001 2010
Self-sufficiency of Brunei Darussalam and Malaysia in oil
and fuel supplies, resilient from rising prices of global
commodities
Lao PDR and Cambodia diversified and invested in
hydropower projects, mining, off-shore oil and gas
production
Philippines must boost investments in alternative and
sustainable energy sources to reduce dependence on
global oil and fuel supplies

PH vis ASEAN
Inflation Rate
2001 2010
Philippines has improved its resilience to shocks with its
recent economic growth and fiscal consolidation.
Strongly rebounded last year due to a recovery in
investment and exports as well as a robust private
consumption
Measures to strengthen tax revenues and improve the
domestic investment climate