Subscribe free to our newsletters via your
. Military Space News .




DISASTER MANAGEMENT
Philippine inflation jumps following Haiyan
by Staff Writers
Manila (AFP) Jan 07, 2014


Devastation caused by Super Typhoon Haiyan pushed inflation in the Philippines to a two-year high of 4.1 percent in December, the government said Tuesday.

Economic Planning Secretary Arsenio Balisacan said major food items rose across the board, especially in storm-hit areas.

Haiyan lashed the central Philippines in November, leaving 8,000 people dead and missing and more than four million homeless. It also destroyed key infrastructure, which led to gridlocks that resulted in artificial supply crunches, the government said.

"Almost all food items in the average consumer basket increased, which can be mainly attributed to the impact of Typhoon Yolanda (the local name of Haiyan)," Balisacan said in a statement.

"Some food items even reached double-digit inflation in the areas hardest hit by the typhoon," he added.

He said December's inflation was the highest since the 4.2 percent registered in December 2011.

However, full-year inflation averaged 3.0 percent, which is at the low end of the government's 3.0-5.0 percent target.

Balisacan said that adding to inflation pressures were an uptick on oil prices as well as a 40 percent hike in generation charges imposed by Manila Electric Co., which distributes power to Manila and its surrounding provinces.

.


Related Links
Bringing Order To A World Of Disasters
A world of storm and tempest
When the Earth Quakes






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








DISASTER MANAGEMENT
'Village of Widows' determined to rebuild in India flood disaster
Deoli, India (AFP) Jan 07, 2014
Cradling her newborn daughter at her home in a remote valley in the Indian Himalayas, Dhanita Devi tells of her determination to fight for her family's survival. Devi's husband was killed, along with thousands of others, when flash floods and landslides tore through the mountains of northern Uttarakhand state in June. Devi, 22, was left alone, with no income and few savings, to provide f ... read more


DISASTER MANAGEMENT
Satellite of Russia's early warning constellation burns down in atmosphere

Raytheon begins building 12th AN/TPY-2 ballistic missile defense radar

SBIRS Geo-2 Missile Defense Early Warning Satellite Certified For Operation

Patriot missiles demonstrate field readiness

DISASTER MANAGEMENT
Israel successfully tests Arrow space missile interceptor

Israel, US carry out missile test during Kerry visit

Raytheon awarded $80.5 million from US Navy for Joint Standoff Weapon

Missiles fired from Lebanon trigger Israel shelling: army

DISASTER MANAGEMENT
UAS Test Site Selection Good News for NASA Langley, Wallops

US names drone testing sites

FAA announces locations for future drone testing sites

US drone strike kills three in northwest Pakistan

DISASTER MANAGEMENT
Rocket Rokot brings 3 Russian military-purpose satellites on orbit

US Air Force selects Raytheon's high-bandwidth satellite terminal for secure, protected communications

Military Communication Improved as 6th Boeing-built Wideband Satellite Enters Service

Radio Gateway Connects US and Allied Troops to a Common Mobile Network

DISASTER MANAGEMENT
Raytheon awarded $12.9 million Cooperative Engagement Capability contract

Boeing Delivers Final Focused Lethality Munition to USAF

US Army Awards Raytheon contract for Excalibur Ib

Russia's Kalashnikov, designer of AK-47, dies

DISASTER MANAGEMENT
Aborted defence deal underlines India's procurement problem

Nexter calls for bidding expense reimbursement

Greek defence probe brings belated gains

Russia buries Kalashnikov in new 'pantheon' for heroes

DISASTER MANAGEMENT
Outside View: Three New Year's wishes

Japan FM leaves for Spain, France amid China row

Japan scrambles jets against China plane

Harry Potter wizard invoked as Japan admits no hope of China summit

DISASTER MANAGEMENT
DNA motor 'walks' along nanotube, transports tiny particle

Cellulose nanocrystals possible 'green' wonder material

Microprinting leads to low-cost artificial cells

New magnetic behavior in nanoparticles could lead to even smaller digital memories




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement