The inflation rate in the Philippines climbed to a six-month high of 1.7 percent in September, up from 1.5 percent in August.
This acceleration was primarily driven by increased costs for food and transportation, with vegetable prices seeing a substantial 19.4 percent increase.
Despite the rise, the September inflation rate remains within the government's target band of 2 to 4 percent for the year.
Malacañang stated that the increase is not a cause for concern and that economic planners expect inflation to continue increasing at a slow and manageable pace.
The rise in vegetable prices was attributed to recent typhoons that affected various parts of the country.
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