Philippines: Inflation slows to six-month low
November 5, 2014
In October, consumer prices rose 0.1% over the previous month, matching September’s print. October’s mild increase was largely driven by rising food prices.
Annual inflation inched down from September’s 4.4% to 4.3% in October. Meanwhile, annual average inflation, which is the reference rate used by the Central Bank as a guide for monetary policy, rose from 4.1% in September to 4.3% in October.
The core inflation index, which excludes volatile items such as food and oil, was unchanged over the previous month in October, following September’s 0.1% rise. Finally, annual core inflation edged down from September’s 3.4% to 3.2% in October.