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October Inflation Surges to 7.8%

Transport costs drove the fastest inflation reading since February 2023, while the central bank said it will stay on a tightening cycle.

Summary by Inquirer
MANILA, Philippines — Consumer prices grew 7.8 percent from a year earlier in October, driven by faster increases in transport costs and pricier utilities. The latest inflation rate was higher than the 7.2 percent recorded in September, data from the Philippine Statistics Authority showed. READ: Poll: October inflation seen hitting over 3-yr high of 7.6% The

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The Philippine inflation rate rose to 7.8% in October 2026, reaching its highest level since February 2023.

·Tehran, Iran (Islamic Republic of)
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ABS-CBN broke the news in Quezon City, Philippines (the) on Thursday, November 5, 2026.
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