ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Philippine inflation hit 14-year high of 8.7% in January

Marcos calls result 'unfortunate'; focus turns to interest rate decision next week

A vegetable vendor tends to her shop at a market in Manila. Rising food prices are contributing to the country's surging headline inflation rate.   © Reuters

MANILA -- Inflation in the Philippines accelerated to a new 14-year high of 8.7% in January, driven by rising utility, housing and food costs.

The headline rate -- the fastest recorded since November 2008 -- surpassed the 8.1% logged in December and was well above the 3.0% seen in January last year, the Philippine Statistics Authority said on Tuesday. The figure also exceeded the central bank's forecast of 7.5% to 8.3% for the month.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more