News » October inflation rate at three-month high

October inflation rate at three-month high

October inflation rate at three-month high

Philippine inflation accelerated to a three-month high of 2.5 per cent year-on-year in October, from 2.3 per cent in the previous month. The rate of increase in the prices of basic commodities last month brought the end-October headline inflation well-within the government’s 2-4 per cent target range.

Despite this, the Bangko Sentral ng Pilipinas (BSP) said the pace of increases in the prices of basic commodities and services would likely stay muted over the short term due to weak demand both locally and abroad, given the lingering economic effects of the coronavirus pandemic.

“The October 2020 inflation was within the BSP’s forecast range of 1.9-2.7 per cent… The latest inflation outturn is consistent with the BSP’s prevailing assessment of favorable inflation dynamics over the policy horizon,” said BSP governor Benjamin Diokno.

Read more here. 

Start your
journey today

  • Independent
  • Free
  • Transparent

About OA

Outsource Accelerator is the trusted source of independent information, advisory and expert implementation of Business Process Outsourcing (BPO)

The #1 outsourcing authority

Outsource Accelerator offers the world’s leading aggregator marketplace for outsourcing. It specifically provides the conduit between Philippines outsourcing suppliers and the businesses – clients – across the globe.

The Outsource Accelerator website has over 5,000 articles, 350+ podcast episodes, and a comprehensive directory with 900+ BPO companies… all designed to make it easier for clients to learn about – and engage with – outsourcing.

About Derek Gallimore

Derek Gallimore has been in business for 20 years, outsourcing for over eight years, and has been living in Manila (the heart of global outsourcing) since 2014. Derek is the founder and CEO of Outsource Accelerator, and is regarded as a leading expert on all things outsourcing.