Inflation zoom to new 9-year high of 6.7% in September

The Philippines' annual inflation rate rose to 6.7 percent in September of 2018 from 6.4 percent in the previous month, and compared to market expectations of 6.8 percent. It is the highest reading since February 2009. due to a surge in prices of food and a faster rise cost of transport. On a monthly basis, consumer prices went up 0.8 percent, after a 0.9 percent rise in August. Inflation Rate in Philippines averaged 8.40 percent from 1958 until 2018, reaching an all time high of 62.80 percent in September of 1984 and a record low of -2.10 percent in January of 1959. (source: https://tradingeconomics.com)