By Katherine K. Chan, Reporter
HIGHER FUEL, electricity, and food prices, along with the peso’s sustained weakness, may have driven inflation to a new peak this year in October, analysts said.
Headline inflation likely accelerated to 7.6% in October, from 1.7% a year ago, according to a median estimate in a BusinessWorld poll of 22 analysts and economists.
If realized, inflation would top this year’s peak of 7.2% recorded in April and September.
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