Philippine annual inflation surged to a 14-year high in November driven mainly by higher food prices. Photo: AFP/File
Philippine annual inflation surged to a 14-year high in November driven mainly by higher food prices. Photo: AFP/File

Philippine inflation accelerates to 14-year high, could a rate increase be on the horizon?

  • Consumer prices rose 8 per cent from a year ago last month, the quickest since the 9.1 per cent pace logged in November 2008, according to data
  • Philippine central bank raised rates six times this year, and its governor last week flagged another 25 or 50 basis points hike for December 15 meeting

Philippine annual inflation surged to a 14-year high in November driven mainly by higher food prices. Photo: AFP/File
Philippine annual inflation surged to a 14-year high in November driven mainly by higher food prices. Photo: AFP/File
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