Inflation in the Philippines in October increased to 7.7% over the same period last year According to Reuters

© Reuters. FILE PHOTO: Vendors and customers wearing face masks to protect against coronavirus disease (COVID-19) are seen inside a public market in Quezon City, Metro Manila, Philippines, February 5, 2021 REUTERS / Eloisa Lopez

The statistics agency said on Friday the bureau said annual inflation in the Philippines rose to 7.7% in October from 6.9% the previous month.

Last month’s inflation rate was above the 7.1% average forecast in a Reuters poll and near the top of the central bank’s 7.1% to 7.9% forecast for the month.

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