Inflation quickens to 2.5% in November

Inflation graphics. INQUIRER FILE PHOTO

Inflation sped up to 2.5 percent in November, from 2.3 percent in the preceding month, on back of higher food prices following the onslaught of powerful typhoons late in the season.

The latest print nevertheless stayed within the 2 to 4 percent target range of the Bangko Sentral ng Pilipinas (BSP).

READ: Philippine inflation rises to 2.3% in October

It also matched the average forecast of 8 economists polled by the Inquirer.

BSP Governor Eli Remolona Jr. earlier hinted at a rate cutting pause at the Dec. 19 meeting of the Monetary Board if inflation pressures persists.

The central bank had cut the policy rate by a total of 50 basis points so far this year to 6 percent.