Inflation rate slows to 3.6% in September

The Philippine inflation rate has decelerated to 3.6 percent in September from 3.8 percent in August.

The National Statistics Office (NSO) reported slower annual gains in the clothing and footwear index; housing, water, electricity, gas and other fuels index; health index; and in the restaurant and miscellaneous goods and services index. Inflation a year ago was 4.7 percent.

Excluding selected food and energy items, core inflation eased to 3.8 percent in September from 4.3 percent in August.

The inflation rate in Metro Manila slid to 3.5 percent in September from 4.4 percent in August. This was due to improved annual hikes in food and non-alcoholic beverages index; housing, water, electricity, gas, and other fuels index; and recreation and culture index.

Annual inflation rate in the provinces, however inched up to 3.7 percent in September from 3.6 percent in August.

The NSO noted increases in the following indices: food and non-alcoholic beverages; transport; communication; and recreation and culture.

In areas outside Metro Manila, the annual inflation rate went up to 3.7 percent in September from 3.6 percent in August as 13 regions recorded higher annual rates during the month.

The biggest gain of 0.9 percentage point was in Cagayan Valley (4.2% from 3.3%). The highest annual rate of 7.3 percent was still observed in Central Visayas, while the lowest annual inflation of 1.7 percent remained in Davao region.