Philippine October Inflation Accelerates 7.8%, Close to Four-Year High

Philippine inflation reached 7.8% in October, according to official data. The acceleration was driven by increased costs for fuel, electricity, and transport, attributed to Middle East developments and the Philippines' dependence on the region for energy supplies. The rate was the fastest recorded in nearly four years.

• Bloomberg — Philippine October Inflation Accelerates 7.8%, Close to Four-Year High

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