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Philippines Inflation September 2022

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.

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