Philippines: Inflation rises in November
Latest reading: Inflation inched up to 2.5% in November from October’s 2.3%. The increase was primarily due to rising prices for food and non-alcoholic beverages plus a softer fall in transportation costs.
That said, annual average inflation ticked down to 3.3% in November (October: 3.4%).
Finally, consumer prices rose a seasonally adjusted 0.23% in November over the previous month, accelerating from October’s 0.05% rise. November’s result marked the highest reading since July.