Inflation rate at 2.3% in October 2024

October 2024 Inflation Rate News

Inflation rate at 2.3% in October 2024
InflationPhilippines Inflation
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THE Philippines’ inflation rate went up to 2.3 percent in October from 1.9 percent in September 2024, bringing the year-to-date average inflation to 3.3.In a statement, the National Economic and Development Authority said the country’s year-to-date inflation remains within the government’s target range of 2.0 to 4.0 percent, despite a slight uptick in the October inflation.

As of October 18, the number of infected zones has declined to 505 from 534 on October 2.“Recent weather disturbances, including Typhoon Kristine, have posed significant challenges to our food supply and logistics. The government is working relentlessly to keep food available and prices steady, particularly for essential commodities.

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