The Philippines’ inflation rate inched up to 4.8 percent in September based on the new 2006 data series that the National Statistics Office (NSO) began releasing in July, compared with 4.7 percent in August.
The NSO attributed this to the higher annual increases in the prices of clothing and footwear; housing, water, electricity, gas and other fuels.
Higher prices were also noted in health, transport, and recreation and culture in September. Inflation rate a year ago was 3.9 percent.
(Source: Manila Bulletin)