NO CHANGE | October inflation remains at 6.7%

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(NOVEMBER 6, 2018) – Inflation stayed at 6.7 percent for October, the Philippine Statistics Authority (PSA) announced today.

Last month, inflation reached a new nine-year high after hitting the same figure.

(READ ALSO: NINE-YEAR HIGH | September inflation hits 6.7%)

Just like in September, inflation remained highest in the Bicol Region after recording 9.9-percent, a slight decrease from the previous month’s 10.1 percent. Central Luzon once again recorded the lowest inflation rate at 4.4 percent, from last month’s 4.5 percent.

 

 

In the National Capital Region, inflation likewise tapered off at 6.1 percent from September’s 6.3 percent.

Food inflation also showed signs of easing, with lower rates for corn, meat, fruits and vegetables, while sustaining minimal increase in rice and fish.

 

 

PSA undersecretary Lisa Bersales said the month-on-month inflation trend shows that “there seems to be a slowing in the increase of prices.”

Last week, the Bangko Sentral ng Pilipinas predicted an inflation rate between 6.2 to 7 percent for October, which falls at an average rate of 6.7 percent.