1.

Latest Inflation Rate

Summary Inflation Report Consumer Price Index (2012=100): June 2018 The headline
inflation in the Philippines furthered increased by 5.2 percent in June 2018. Inflation in
the previous month was pegged at 4.6 percent and in the same period 2017, 2.5
percent.

2. MINIMUM WAGE

Currently Daily Minimum Wage Rates

National Capital Region (NCR)

Per Wage Order No. NCR-21

(Effective: 05 October 2017)

Basic Basic Wage New Basic New Minimum

Sector/Industry COLA
Wage Increase Wage Wage Rates
Non-Agriculture Php481.00 Php21.00 Php502.00 Php10.00 Php512.00
Agriculture (Plantation and Non
Plantation)

Retail/Service Establishments Employing Php444.00 Php21.00 Php465.00 Php10.00 Php475.00

15 workers or less
Manufacturing Establishment regularly
employing less than 10 workers

3. Growth Rate

Philippines GDP Growth Rate

The Philippines GDP advanced 1.5 percent quarter-on quarter in the three months to March of
2018, the same pace as in the previous quarter but below market estimates of a 1.8 percent growth. It
remained the weakest quarterly expansion since the first quarter of 2017. GDP Growth Rate in
Philippines averaged 1.24 percent from 1998 until 2018, reaching an all time high of 3.40 percent in the
first quarter of 2010 and a record low of -2.30 percent in the first quarter of 2009.