00:00Philippine inflation surges to 7.8% in October 2026, marking the highest rate since February
00:062023. For the second straight month, higher fuel, electricity, and transport prices squeezed
00:12households already struggling with the rising cost of living. October 2026's inflation rate
00:18is the highest since February 2023, when inflation hit 8.6% following Russia's invasion of Ukraine
00:24and the resulting disruptions to global food and energy markets. This brings the average inflation
00:29rate from January to October to 5.6%, exceeding the government's target range of 2 to 4%.
00:36Transport is the biggest driver of the rise in October inflation. The second biggest commodity
00:40group driver is housing, water, electricity, gas, and other fuels, which recorded 9.3% inflation.
