Economy
BSP: Oct inflation could top 8%
Consumer price growth in the Philippines may have accelerated to a more than three-year high in October, potentially breaching 8 percent, the Bangko Sentral ng Pilipinas (BSP) announced. Higher domestic energy prices and transport fares are driving up the cost of living, raising concerns for citizens.
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The Bangko Sentral ng Pilipinas (BSP) forecasts that inflation could surge to as high as 8.1% in October, driven by rising fuel and electricity prices and increased transport fares, surpassing September's 7.2% and marking a three-year high.