Philippines Statistics Agency: Inflation could rise further in October

October 5, 2022 - 10:07 AM
Filipinos stock up on fish, a day before the Philippine capital goes back to a stricter lockdown amid coronavirus disease (COVID-19) infections spike, at a public market in Manila, Philippines, August 3, 2020. (Reuters/Eloisa Lopez)

 Philippine inflation could rise further in October, with food prices likely to remain the main source of pressure, the statistics authority said on Wednesday.

Annual inflation quickened in September to 6.9% from 6.3% in August, reflecting higher food prices, data released earlier in the day showed.

READ: Philippines inflation quickens to 6.9% in September

—Reporting by Neil Jerome Morales; Editing by Kanupriya Kapoor