MANILA, Philippines — The country’s headline inflation jumped to 3.3 percent in November, higher than the previous 2.5 percent in October, the Philippine Statistics Authority (PSA) said Friday.
The PSA said in its report that this is the highest inflation registered since April 2019. Inflation in November 2019 was recorded at 1.3 percent.
Currently, the country’s year-to-date inflation for the year 2020 was posted at 2.6 percent.
According to the PSA, the annual increase of 4.3 percent in the heavily-weighted food and non-alcoholic beverages primarily pushed up the overall inflation in November.
“Contributing also to the uptrend in the overall inflation during the month was…
Keep on reading: Inflation quickens to 3.3 percent in November