NEDA: Inflation remains within target range for November

Government interventions successfully maintained inflation within the target range of 2 to 4 percent for November, according to the National Economic and Development Authority (NEDA).

The Philippine Statistics Authority reported that headline inflation stood at 2.5 percent in November, a slight increase from October's 2.3 percent but significantly lower than the 4.1 percent recorded in November of the previous year.

The year-to-date average inflation remains at 3.2 percent, well within the government's target.

NEDA Secretary Arsenio Balisacan highlighted the economy's resilience and the effectiveness of policies in keeping consumer prices stable despite recent typhoons.

However, the government is closely monitoring commodity prices, particularly food, due to the impact of successive typhoons on food supply and logistics.

Food inflation rose to 3.5 percent in November from 3.0 percent in October, with vegetable inflation seeing a sharp increase to 5.9 percent from a deflation of -9.2 percent.