Philippine Annual Inflation Slows to 1.9% in September

FILIPINA - MANILA. Philippine annual inflation accelerated at its slowest rate in more than four years in September due to a slower rise in food prices and downtrend in transport costs, the statistics agency said on Friday.

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The consumer price index (CPI) rose 1.9% in September from a year earlier, the smallest increase since May 2020, and less than the previous month's 3.3% print. It brought year-to-date average inflation to 3.4%, within the central bank's 2% to 4% target range for the year.

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