By Katherine K. Chan, Reporter
HEADLINE INFLATION quickened to the fastest pace in nearly four years in October as high energy costs spilled over to transport, utilities, and restaurant services, the Philippine Statistics Authority (PSA) said on Thursday.
The headline clip, as measured by the consumer price index, accelerated to 7.8% from 7.2% in September and 1.7% a year ago. This was the highest since February 2023’s 8.6%.
It also marked this year’s peak so far, exceeding the 7.2% recorded in April and September.
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