Philippines Inflation Higher at 3.4% in September 2017

Manila | 5th October 2017

Inflation rose 3.4% (yoy) in September, and from 3.1% in August. The resulting year-to-date average inflation rate of 3.1 percent remains within the Government’s target range of 3.0 percent ± 1.0 percentage point for 2017.

” INFLATION HIGHER AT 3.4% IN September 2017, TARGET AT 3.1% “

Governor Nestor A. Espenilla, Jr. stated that the latest inflation reading remains in line with the BSP’s assessment of a manageable inflation environment over the policy horizon, with average inflation expected to stay within the 2-4 percent target range for 2017-2019. The overall inflation outlook will be comprehensively reviewed by the Monetary Board on 9 November 2017 in accordance with the monetary policy assessment process.

Source: Bangko Sentral ng Pilipinas

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