Philippines October inflation likely within 5.1%-5.9%

Philippines October inflation likely within 5.1%-5.9% - central bank

2023-10-31 22:29

MANILA Philippine annual inflation in October is expected to settle within the range of 5.1% to 5.9%, the

MANILA Philippine annual inflation in October is expected to settle within the range of 5.1% to 5.9%, the central bank said on Tuesday, ahead of the release of official data next week.

Higher electricity prices, food and transportation costs were among the primary sources of upward pressure for the month, the Bangko Sentral ng Pilipinas (BSP) said in a statement

(Reporting by Karen Lema and Mikhail Flores; Editinmg by Andrew Heavens)