The annualized inflation rate in the Philippines hit 12.5% in August, the highest rate in 17 years.
The main drivers were soaring food and energy costs, of course, but it hasn’t stopped the Philippine economy by growing by 4.6% in the first six months of 2006.
One industry the Philippines has been stealing from the U.S. and even India is the telephone-delivered customer service calls.
Related Posts
- Indian inflation hits 11% (06/24/08)
- Russian inflation hits 25% (06/24/08)
- India inflation acclerates (06/29/08)
- China inflation slows (09/10/08)
- China inflation drops (09/11/08)
