“Higher food, beverage and tobacco prices pushed inflation up slightly this September. Headline inflation in September 2009 went up to 0.7 percent year-on-year, higher than the previous month’s recorded rate of 0.1 percent but significantly lower than the 11.8 percent inflation rate in September 2008.” This was the information disclosed by the National Economic and Development Authority (NEDA).
September month-on-month inflation was recorded at 0.2 percent.
The average inflation rate for the first nine months of 2009 averaged 3.4 percent, still within the Development Budget Coordination Committee (DBCC) forecast of 2.5 to 4.5 percent.
The slight uptick in inflation was traced mainly to Areas Outside the National Capital Region (AONCR), recording a 1.1 percent inflation rate in September year-on-year. (NEDA-PIA)
