菲律宾通胀率连续两个月攀升

Core Insights - The inflation rate in the Philippines rose to 1.7% in September, up from 1.5% in August, marking the second consecutive month of increase [1] - The average inflation rate for the first nine months of the year stands at 1.7%, which is below the government's annual target range of 2% to 4% [1] Inflation Drivers - The increase in September's inflation was primarily driven by a shift in transportation prices from a year-on-year decline of 0.3% in August to an increase of 1.0% in September [1] - Food and non-alcoholic beverage prices also contributed to the inflation rise, with the year-on-year growth rate increasing from 0.9% to 1.0% [1] Food Inflation Details - The food inflation rate in September was 0.8%, up from 0.6% in August, with vegetable prices experiencing a significant increase from 10.0% in August to 19.4% in September due to adverse weather conditions in major production areas [1] - The decline in corn prices narrowed from a year-on-year drop of 11.8% to 4.5% [1] - Food inflation contributed approximately 0.3 percentage points to the overall inflation rate [1] Core Inflation - Excluding food and energy prices, the core inflation rate for September was 2.6%, slightly lower than August's 2.7% but higher than the 2.4% recorded in the same month last year [2] Government Response - The Philippine government is committed to ensuring sufficient food supply and will allow the importation of specific vegetables such as carrots, onions, and broccoli as part of its price stabilization measures [2]