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Philippines expects October inflation of 3.2-3.7%
MANILA: The Philippine central bank said on Monday annual inflation in October was expected within the 3.2% to 3.7% range, with higher energy costs, water rates and a weaker peso contributing to upward price pressures.
Headline inflation in September was 3.4%, bringing nine-month average inflation to 3.1%.
Average inflation is expected to remain within the government’s target range of 2-4% for this year, the central bank said in a statement.
October inflation data is due on Nov 7, two days before the central bank holds its policy-setting meeting.
Source: https://www.bangkokpost.com/business/world/1351172/philippines-expects-october-inflation-of-3-2-3-7-