Food supply stalled by the damage wrought by recent strong typhoons and the African swine fever in the case of pork products pushed inflation up to 3.3 percent year-on-year in November.
For the poor whose consumption basket mostly consisted of more expensive food, the rate of increase in prices of basic commodities rose to 3.6 percent year-on-year last month, the fastest since the 4.3 percent posted in February last year, Philippine Statistics Authority data on Friday showed
Last month’s headline inflation matched the 3.3 percent in March last year, which was the highest rate since February 2019’s 3.8 percent.
Inflation averaged 2.6 percent during the first 11 months, within the…
Keep on reading: November inflation shoots up to 3.3%