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Philippines inflation near 14-year high; more rate hikes seen

Philippine inflation accelerated to its fastest pace in nearly 14 years in October and the rate is likely to rise further, the statistics agency said on Friday, backing expectations the central bank will keep tightening monetary policy.
The consumer price index climbed 7.7% in October from a year earlier, the fastest rise since December 2008, driven by price gains in key commodity groups, particularly food and non-alcoholic beverages. It outpaced the 7.1% median forecast in a Reuters poll.The headline figure also came in near the top end of the central bank’s 7.1% to 7.9% forecast for the month.https://theprofitgrowth.com/ , Crude/Natural Gas Tips, Mcx Advisory Company, Mcx tips provider, Mcx Trading, One day free demo, sure shot call, Technical Analysis, To Get Free Trial !!!Live Gold News With MCX Free Bullion Tips today, Bullion Trading Tips By theprofitgrowth.com Ring/Ping 7037171600 Just Do Your BEST Give Prime Focus BY https://THEPROFITGROWTH.COM