05.12.201905:26:00UTC+00Philippines Inflation Rises In November

Philippine inflation rose to the highest level in three months in November, the Philippine Statistics Authority reported on Thursday.

The headline inflation rate rose to 1.3 percent in November from 0.8 percent in October.

The latest inflation was the highest since August, when it was 1.7 percent.

The increase in inflation was driven by alcoholic beverages and tobacco, housing, water, electricity, gas, and other fuels, furnishing, household equipment and routine maintenance of the house and health and communication.

Excluding selected food and energy items, core inflation remained unchanged at 2.6 percent in November.

The year-to-date headline inflation was 2.5 percent and the core rate came in at 3.3 percent.