Philippines: Inflation comes in at highest level since September 2018 in September
Inflation came in at 6.9% in September, which was up from August’s 6.3%. September’s result represented the highest inflation rate since September 2018. The increase was largely driven by rising prices for food and non-alcoholic beverages. In addition, price pressures for housing and utilities increased at a faster rate.
The trend pointed up slightly, with annual average inflation coming in at 4.7% in September (August: 4.5%).
Lastly, consumer prices increased a seasonally adjusted 0.60% over the previous month in September, picking up from the 0.43% increase logged in August.