The year-on-year headline inflation rate in the Philippines inched up to 4.0 percent in August from 3.9 percent in July. It resulted from the higher annual growth rates recorded in the indexes of food, beverages and tobacco (FBT), clothing, fuel, light and water (FLW) and miscellaneous items. Inflation a year ago was 0.1 percent.

The year-on-year headline inflation rate in the Philippines continued to move at a slower pace of 2.8 percent in October from 3.5 percent in September. This was triggered by the deceleration in the inflation rates of food, beverages and tobacco (FBT, fuel, light and water (FLW) and miscellaneous items index. Inflation a year ago was 1.6 percent.

The annual headline inflation in the Philippines at 3.0 percent in December was the same rate posted in November. Higher annual rates of price increases in food, beverages and tobacco (FBT) and clothing index were offsetted by the slower annual growths registered in fuel, light and water (FLW), services and miscellaneous items index. Inflation a year ago was 4.3 percent.