A vegetable vendor waits for customers at a market in Quiapo, Manila. — PHILIPPINE STAR/ EDD GUMBANen by rising food prices, higher transport fares and the peso depreciation, the Bangko Sentral ng Pilipinas said on Monday.ation to settle within the range of 7.1% to 7.9%,” it said in a statement.
In October, the price of gasoline, diesel, and kerosene had a net increase per liter of P0.50, P8, and P4.25 respectively, data from the Energy department showed. The peso traded around P58 to P59 per dollar during the month. The local unit went back to the P57 level when it closed at P57.97 on Friday.set in part by the reduction in electricity rates for Meralco-serviced areas, lower LPG prices, and reduction in prices ofManila Electric Co. said the overall rate for a typical household went down by P0.0737 per kilowatt-hour to P9.8628 in October.
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