MANILA (Reuters) – Philippine inflation quickened for a second straight month in September due to increases in food and transport costs, the statistics agency said on Thursday.
The consumer price index was up 6.1% in September, above the 5.3% forecast in a Reuters poll, and higher than the previous month’s reading of 5.3%.
That brought year-to-date average inflation to 6.6%, still outside the central bank’s 2% to 4% target for the year.
Core inflation, which strips out volatile food and fuel items, eased to 5.9% from 6.1% in August.
(Reporting by Neil Jerome Morales and Mikhail Flores; Writing by Karen Lema; Editing by Martin Petty)
