September inflation rises to 3.4%

Inflation rose year on year in September from 3.1 percent last year to 3.4 percent this year due to higher price increases of selected food and non-food items as a result of higher electricity charges and prices of domestic petroleum products like LPG, kerosene, gasoline and diesel. 

Food inflation rose due to higher prices of rice, meat and fruits while year on year inflation of sugar, jam and honey remained negative for the sixth consecutive time in September. 

Bangko Sentral Gov. Nestor Espenilla said the latest inflation reading remains in line with the BSP’s assessment of manageable inflation with average inflation expected to stay within the range of 2-4 percent for 2017-2019.

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