Philippines' Inflation Up to 3-Month High in September

In September, Philippines' annual inflation rate rose to 2.7 percent from 2.1 percent in August. The speed up is mainly due to higher prices of food, non-alcoholic beverages and utilities.
National Statistics Office | Nuno Fontes | 10/4/2013 11:24:42 AM
Tight domestic supply conditions, triggered by the recent weather-related production disruptions, led to higher prices of key food items, particularly corn, fish, and meat. Rice prices were also higher due to the lean season. The upward adjustment in electricity rates as a result of higher generation and transmission charges contributed to the rise in non-food inflation.

Core inflation, which excludes certain food and energy items to measure generalized price pressures, increased to 2.3 percent in September from 1.9 percent in the previous month. Month-on-month headline inflation was also higher at 0.6 percent from 0.2 percent in August.