Inflation in Philippi reached 8%

2022.11.29 09:39

Inflation in Philippi reached 8%

Budrigannews.com – According to a statement released on Tuesday, the central bank of the Philippines anticipates that annual inflation in November will range between 7.4% and 8.2%. This is due to rising prices for agricultural products and electricity.

The central bank also said that inflation, which reached its highest level in nearly 14 years in October at 7.7%, is expected to gradually slow down in the coming months as cost-push shocks from bad weather fade.

Inflation in Philippi reached 8%