How much does each commodity group contribute to October inflation? - BusinessWorld Online

Headline inflation picked up to 7.7% in October from 6.9% in September and 4% in October 2021, reaching a 14-year high since the 7.8% reading in December 2008 during the global financial crisis. READ

This is near the high end of the Bangko Sentral ng Pilipinas’ 7.1-7.9% forecast range for that month, and marked the seventh straight month that inflation breached the central bank’s 2-4% target range for the year. Likewise, inflation among the bottom 30% of income households climbed to 7.3% from 6.7% in September, and 4.8% in October last year.

This infographic shows how much each major commodity contributed to the inflation for both groups in October. For all income households, food and non-alcoholic beverages continued to contribute the most with 3.5 percentage points , followed by the utilities basket with 1.5 ppts. Similarly in the poor households, food and utilities remained the major contributor with 4.3 ppts, and 1.2 ppts, respectively.

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