Philippines Inflation Hits 7.8% in October Driven by Transport, Fuel Costs
Headline inflation in the Philippines surged to 7.8% in October, the highest since February, primarily driven by a sharp increase in transport costs and higher fuel prices. While food inflation eased slightly, rice and corn prices continued to rise. Core inflation also climbed, signaling broader price pressures, prompting the central bank to maintain its tightening monetary policy.
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