Year-on-year, prices slowed for the heavily-weighted food and non-alcoholic beverages index (+7.0 percent in October from +7.4 percent in September); clothing and footwear (+3.4 percent from +3.6 percent) and restaurant and miscellaneous goods and services (+1.7 percent from +1.8 percent). In contrast, prices were higher for transport (+0.8 percent from +0.7 percent) and housing and utilities (+2.4 percent from +2.2 percent). Costs remained unchanged for several commodity groups, including: alcoholic beverages and tobacco (+3.5 percent); furnishing, household equipment and routine maintenance (+2.8 percent); health (+3.5 percent); communication (+0.1 percent); recreation and culture (+1.5 percent) and education (+5.1 percent).
The annual gain in the food alone index eased to 7.2 percent in October from 7.4 percent a month ago. Slackening yearly increases were noticed on, among other, meat, fish, oil and fats, sugar and honey.
The Philippines's central bank targeted inflation to be between 3 to 5 percent for this year.
On a monthly basis, consumer prices rose 0.1 percent, the same clip registered in September. Lower prices were seen for petroleum products such as LPG, kerosene, gasoline and diesel. Prices were higher for rice, fish, milk, cheese, eggs, cooking oil and fruits in some selected regions.