Here’s one sad, bad news for all of us: the Philippines’ inflation rate in June 2008 jumped to 11.4% — the highest ever recorded in the last 14 years.
The figure was beyond the Bangko Sentral ng Pilipinas (Central Bank of the Philippines)’s forecast range of 10.4% to 11.2%.
It was the fastest pace in 14 years since May 1994 when inflation was recorded at 11.5%.
Did you know that we’re having an almost 2-week long holiday this Christmas 2008?
A combination of special non-working days and the government’s policy of holiday economics — wherein specific holidays are moved to the nearest Mondays — made possible as many as 12 consecutive vacation days this December 2008.
From Official list of Philippine holidays in 2008