Inflation picks up in November to 1.3% 0 SHARES Share it! Share TweetBy Chino LeycoThe rate of increase in consumer prices picked up last month after decelerating for five consecutive months since June this year, the Philippine Statistics Authority (PSA) announced on Thursday. The headline inflation in November clocked in at 1.3 percent from 0.8 percent in the previous month, but the latest figure was still way below compared with 6.0 percent in the same month last year. The November inflation brought the 11-month average to 2.5 percent, well within the government’s target of 2.0 percent to 4.0 percent. In November, highest inflation increases were registered in the indices of alcoholic beverages and tobacco (17.6 percent), housing, water, electricity, gas, and other fuels (1.2 percent), furnishing, household equipment and routine maintenance of the house (2.8 percent), health (3.1 percent), and communication (0.3 percent).

Source: Manila Bulletin December 05, 2019 02:26 UTC