Rate of rise in consumer prices picked up in Sept.


The increase in consumer prices in Metro Manila quickened to 3.7 percent in September from 3.6 percent in August due to a faster, double-digit rise in the prices of fuels and lubricants, according to the National Statistics Office.

Data from the NSO also indicated upward pressure from two other commodity groups in the eight-group general retail price index for the National Capital Region.

The prices of mineral fuels, lubricants and related materials index jumped to 18.2 percent in September from 17.0 percent in August.

Also, the prices of chemicals went up to 2.4 percent from 2.3 percent, along with manufactured goods, which rose to 2.6 percent from 2.3 percent.

Price hikes for food items and machinery and transport equipment stayed at the previous month’s levels of 4.5 percent and 2.1 percent, respectively.

Prices of raw materials showed no change in September.

On the other hand, the jump in prices was slower for beverages and tobacco (3.1 percent from 3.3 percent) and miscellaneous manufactured items (1.4 percent from 1.5 percent).

In October, the rise in consumer prices throughout the country reached a four-month high of 5.2 percent.

Last week, the DBS Group said upward pressure on Philippine prices started to reflect on inflation numbers, mainly due to rising prices of food following destructive typhoons that damaged crops last September.

The Bangko Sentral ng Pilipinas said last week that the inflation figure for October was within the forecast range of 4.5 percent to 5.4 percent.

BSP Governor Amando M. Tetangco Jr. said inflation would remain manageable over the policy horizon.

“This blip is expected to be one-off due to base effects and the impact of supply disruptions due to weather disturbances,” he explained.

Get Inquirer updates while on the go, add us on these apps:

Inquirer Viber

Disclaimer: The comments uploaded on this site do not necessarily represent or reflect the views of management and owner of We reserve the right to exclude comments that we deem to be inconsistent with our editorial standards.

To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.

Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:

c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City,Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94


editors' picks



latest videos