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Core Inflation Rate YoY

Name: Core Inflation Rate YoY
Creator: TipRanks

The 'Core Inflation Rate YoY' in the Philippines measures the year-over-year change in the prices of goods and services, excluding volatile items like food and energy. It is a crucial indicator for assessing underlying inflation trends and helps the central bank in setting monetary policy. This metric is significant as it provides a clearer picture of long-term inflationary pressures, influencing interest rates and financial market expectations. In the Philippines, stable core inflation is vital for economic stability and investor confidence.