Tag: PHL inflation

Inflation further accelerated to 8% in November: PSA

(Eagle News) — Inflation rose to 8% in November, the fastest since the 9.1% recorded in the same month last year. The Philippine Statistics Authority said this was also faster than the 7.7 percent in October 2022. With this month’s inflation, the country’s average inflation rate from January to November 2022 stands at 5.6 percent. According to the PSA,  the sustained acceleration of inflation was mainly due to the “higher year-on-year growth rate in the index […]