Philippines: Inflation accelerates to highest level in seven months

Annual inflation edged up from 2.7% in September to 2.9% in October, which represents the highest print observed in seven months. Meanwhile, annual average inflation, which is the reference rate used by the Central Bank as a guide for monetary policy, remained stable over the previous month at 2.8% in October. At the current level, average inflation remains below the Central Bank’s target of 4.0% plus/minus 1.0 percentage points.

Read more about Filipino Inflation.

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