Sept inflation hits 4.4%; down from Aug, up from yr-ago

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Headline inflation slowed to a year-on-year rate of 4.4 percent in September, easing from 4.9 percent in August but accelerating from the 2.7 percent recorded in the same month last year, the latest data from the Philippine Statistics Authority (PSA) showed on Wednesday.

The PSA traced the slowdown to the heavily-weighted food and non-alcoholic beverages index.

Annual rates also decelerated in the indices for housing, water, electricity, gas and other fuels and transport prices, it said.

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