The Philippines' consumer price inflation accelerated further in April to the highest level in just over three years, data from the Philippine Statistical Authority showed on Tuesday.
The consumer price index surged 7.2 percent on a yearly basis in April, faster than March's increase of 4.1 percent. Moreover, this was the highest inflation rate since March 2023, when prices rose 7.6 percent.
The annual price growth in food and non-alcoholic beverages accelerated to 6.0 percent from 2.9 percent, and that in transportation quickened to 21.4 percent from 9.9 percent. Similarly, housing and utility costs grew at a faster pace of 8.2 percent versus 4.7 percent a month ago.
For comments and feedback contact: editorial@rttnews.com
Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.