Inflation rises to 6.1%; rice price surge blamed

Oct 06, 2023 12:38 am

(UPDATE) INFLATION accelerated to 6.1 percent in September amid a sharp increase in key food items and transport costs, the Philippine Statistics Authority (PSA) reported on Thursday.

The result — higher than August's 5.3 percent but down from the 6.9 percent posted a year earlier — hit the upper end of the Bangko Sentral ng Pilipinas' (BSP) 5.3- to 6.1-percent forecast for the month.

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