Philippine September Inflation Accelerates to 7.2%
Philippine annual inflation accelerated to 7.2 percent in September from 6.1 percent in August. The higher rate was driven by rising costs for rice, electricity, and transport. Analysts had expected an annual inflation rate of 6.6 percent.
Philippines annual inflation accelerated to 7.2% in September, up from 6.1% in August. The print exceeded the 6.6% consensus estimate from economists. The acceleration raises pressure on the central bank to tighten monetary policy further at its next meeting.
