Financial News: Philippine Inflation Accelerates More Than Forecast

Philippine Inflation Accelerates More Than Forecast

10/06/2026 - 03:28:00 (RTTNews)

(RTTNews) - Philippine inflation accelerated more than expected in September on higher food and energy prices, data from the Philippine Statistics Authority showed Tuesday.

Consumer price inflation rose to 7.2 percent from 6.1 percent in August. A similar higher rate was last seen in April and the rate was larger than forecast of 6.6 percent.

Headline inflation in September was within the forecast range of the Bangko Sentral ng Pilipinas of 6.4 percent to 7.4 percent for the month.

The increase in annual inflation was largely driven by food and non-alcoholic beverages, which grew 6.7 percent. Housing and utility charges and transport costs also contributed to the uptrend.

Core inflation that excludes food and energy prices advanced to 4.7 percent from 4.1 percent in August. In the same period last year, core inflation was 2.6 percent.

Month-on-month, consumer prices moved up 1.0 percent, faster than economists' forecast of 0.6 percent.

In August, the central bank raised its interest rates for the third consecutive meeting citing risks to inflation. The BSP lifted the key reverse repurchase rate by 25 basis points to 5.00 percent.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Czech Inflation Rises To 5-month High (07 min(s), 24 sec(s) ago)
(RTTNews) - Czechia's consumer price inflation accelerated more-than-expected in September to ...Full Story»

Denmark Industrial Output Rebounds 0.9% (01 hr(s), 04 min(s), 24 sec(s) ago)
(RTTNews) - Denmark's industrial production expanded in August after a sharp decline in the pr ...Full Story»

Philippine Inflation Accelerates More Than Forecast (01 hr(s), 03 min(s), 24 sec(s) ago)
(RTTNews) - Philippine inflation accelerated more than expected in September on higher food and en ...Full Story»

India Service Sector Growth Improves (01 hr(s), 46 min(s), 24 sec(s) ago)
(RTTNews) - India's services activity strengthened in September on increasing demand amid rece ...Full Story»

German Factory Orders Decline Sharply (02 hr(s), 0 min(s),24 sec(s) ago)
(RTTNews) - Germany's factory orders declined sharply in August largely due to the fall in tra ...Full Story»

Australia Consumer Confidence Data Due On Tuesday (29 min(s), 36 sec(s) ago)
(RTTNews) - Australia will on Tuesday see October results for the consumer confidence index from W ...Full Story»

U.S. Services Index Indicates Modestly Slower Growth In September (36 sec(s) ago)
(RTTNews) - A report released by the Institute for Supply Management on Monday showed a modest slo ...Full Story»

Eurozone Private Sector Growth At 41-Month High (43 min(s), 36 sec(s) ago)
(RTTNews) - The euro area private sector expanded at the fastest pace in nearly three-and-a-half y ...Full Story»