The Philippines’ October inflation shock signals tough road to 2027 - The Business Times

[MANILA] Forget a quick return to price stability in the Philippines. Corporate boardrooms and investors are looking at a high-inflation drag that will stretch well into 2027.

Analysts said the latest acceleration in consumer prices reinforces expectations that the road back to the Bangko Sentral ng Pilipinas’ (BSP) target band may be long and uncertain.

Headline inflation accelerated to 7.8 per cent in October – the highest since February 2023 – up from 7.2 per cent in September, as underlying price pressures broadened beyond food and fuel. Meanwhile, core inflation climbed to 5.4 per cent, Philippine Statistics Authority data showed. 

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