AdvertisementsThe result, attributed to higher food prices, picked up from August’s 3.1 percent and the 2.3 percent recorded a year earlier. The last time the country’s inflation rate exceeded 3.4 percent was in November 2014 when it hit 3.7 percent. “How fast and how much higher inflation will go depends on food prices going forward. As previously discussed, food inflation has moderated to the current 3.5 percent pace, down from 4 percent at the start of the year. Another turn in food prices will definitely mean higher CPI (consumer price index) inflation ahead,” it said.

Source: Manila Times October 05, 2017 18:22 UTC