By Luisa Maria Jacinta C. Jocson, Reporter
HEADLINE INFLATION picked up to 2.3% in October amid higher food prices, particularly rice, the Philippine Statistics Authority (PSA) reported on Tuesday.
Last month’s consumer price index (CPI) was faster than 1.9% in September but slower than 4.9% a year ago.
The October print was within the Bangko Sentral ng Pilipinas’ (BSP) 2%-2.8% forecast for the month but slightly below the 2.4% median estimate in a BusinessWorld poll of 11 analysts last week.
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