Philippines October inflation climbs to 7.7% yr/yr By Reuters

© Reuters. FILE PHOTO: Vendors and customers wearing face masks for protection against the coronavirus disease (COVID-19) are seen inside a public market in Quezon City, Metro Manila, Philippines, February 5, 2021. REUTERS/Eloisa Lopez

MANILA (Reuters) – Philippine annual inflation accelerated to 7.7% in October from the previous month’s 6.9%, the statistics agency said on Friday.

Last month’s inflation rate was above the 7.1% median forecast in a Reuters poll, and near the top end of the central bank’s 7.1% to 7.9% forecast for the month.

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