Philippine consumer price inflation held steady in October, after accelerating in the previous month, figures from the Philippine Statistics Authority showed Friday.
The consumer price index rose 2.3 percent year-over-year in October, the same rate of increase as in September. The figure also matched consensus estimate.
However, this was the strongest inflation since March 2015, when prices had risen 2.4 percent.
Excluding selected food and energy items, core inflation also remained unchanged at 2.3 percent.
Prices of food and non-alcoholic beverages grew 3.4 percent annually in October and clothing and footwear prices went up by 2.8 percent.
On a monthly basis, consumer prices edged up at a stable pace of 0.2 percent in October.
Separately, the statistical office announced that producer prices declined at a slower rate of 3.8 percent yearly in September, following a 4.6 percent fall a month ago.
Month-on-month, producer prices climbed 0.9 percent from August, when it dropped by 0.5 percent.
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