Philippines: Inflation rises in October
Latest reading: Inflation increased to 2.3% in October, following September’s 1.9%. The acceleration was largely due to rising prices for food and non-alcoholic beverages and a softer fall in transport costs. Meanwhile, price pressures for housing and utilities, textiles and hospitality softened from the previous month.
The trend pointed down, with annual average inflation coming in at 3.4% in October (September: 3.7%).
Finally, consumer prices rose a seasonally adjusted 0.05% in October over the previous month, swinging from the 0.09% fall logged in September.