MANILA, Philippines — Higher prices of key food items, particularly rice, and transport pushed inflation higher in October, the Philippine Statistics Authority (PSA) reported on Tuesday.
Consumer price growth rose to 2.3 percent last month, higher than the 1.9 percent recorded in September but markedly lower than October 2023's 4.9 percent. This still fell within the 2.0 to 4.0 percent target of the Bangko Sentral ng Pilipinas.
