
WV inflation surges to 8%
Inflation in Western Visayas accelerated to 8 percent in October from 7.5 percent in September, the fifth highest among the regions, data from the Philippine Statistics Authority showed on Friday, November 4.The national headline also went up to 7.7 percent from 6.9 percent in the previous month, PSA said.PSA said this is the highest recorded national inflation since December 2008.With this month’s inflation, the Philippines’ average inflation rate from January to October 2022 stood at 5.4 percent, PSA said.In October 2021 the inflation rate was observed at 4 percent.The continued uptrend of the October 2022 inflation was primarily due to the higher annual growth rate in the index for food and non-alcoholic beverages at 9.4 percent, from 7.4 percent in September 2022, P...









