Philippines Inflation Hits Fresh Multiyear High at 7.8% in October
Consumer-price growth accelerated from September, reaching its fastest pace since February 2023. The report said the data justified last month’s oversized central-bank rate hike.
By Fabiana Negrin OchoaInflation in the Philippines accelerated to a fresh multiyear high in October, justifying the central bank's decision to deliver an oversized interest-rate hike last month.Consumer-price growth accelerated to 7.8%, the fastest pace since February 2023 and up from September's…