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    Inflation in the Philippines eased significantly in October to 4.9% year-on-year from 6.1% in September, driven mainly by slower growth in food prices. While lower than previous months, inflation for the year so far averaged 6.4%, exceeding the central bank's target range of 2-4%. The inflation level also beat the central bank's own forecast range of 5.1-5.9% for October.

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    Inflation in the Philippines eased significantly in October to 4.9% year-on-year from 6.1% in September, driven mainly by slower growth in food prices. While lower than previous months, inflation for the year so far averaged 6.4%, exceeding the central bank's target range of 2-4%. The inflation level also beat the central bank's own forecast range of 5.1-5.9% for October.

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    4 views3 pages

    Activity Camjourn

    Uploaded by

    Frensey Jyneth
    Inflation in the Philippines eased significantly in October to 4.9% year-on-year from 6.1% in September, driven mainly by slower growth in food prices. While lower than previous months, inflation for the year so far averaged 6.4%, exceeding the central bank's target range of 2-4%. The inflation level also beat the central bank's own forecast range of 5.1-5.9% for October.

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    © All Rights Reserved
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    of 3

    PH inflation eased to 4.

    9% in Oct

    MANILA -Inflation significantly eased in October on the


    back of slower increase in food prices, the Philippine
    Statistics Authority reported Tuesday.

    Inflation, as measured by the consumer price index,


    slowed to 4.9 percent year-on-year in October, from 6.1
    percent in September.

    The latest reading brought the 10-month average to 6.4


    percent, still above the Bangko Sentral ng Pilipinas’ 2 to 4
    percent annual target.
    The figure was also better than the BSP’s own forecast,
    which estimated last month’s inflation at between 5.1 to
    5.9 percent.

    At a press conference, National Statistician Claire Dennis


    Mapa said the softer inflation print last month was mainly
    due to slower price growth of key food items. Data showed
    food inflation eased to 7 percent in October from 9.7
    percent in the previous month.

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