Philippine inflation surges to 7.8%, boosting case for rate hike
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What happened
The Philippine economy faced pressure on multiple fronts after posting Southeast Asia’s second-weakest growth in the second quarter. (EPA Images pic) MANILA: Philippine inflation accelerated to its fastest pace in almost four years in October as the prolonged Middle East conflict drove up the cost of fuel, electricity and transport in a nation heavily reliant on the region for its energy supplies. (Free Malaysia Today, 09:23)
The reporting
1 report
Photo: Free Malaysia Today Free Malaysia Today·News·EN·5 Nov, 09:23 MYTPhilippine inflation surges to 7.8%, boosting case for rate hike
The Philippine economy faced pressure on multiple fronts after posting Southeast Asia’s second-weakest growth in the second quarter. (EPA Images pic) MANILA: Philippine inflation accelerated to its fastest pace in almost four years in October as the prolonged Middle East…
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Timeline
- DetectedFirst detected (Free Malaysia Today) source
Where it started
How it spread
- Step 1News outletsFree Malaysia Today09:23
Internet reaction
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What we know
- Covered by 1 established outlet(s): Free Malaysia Today
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