The Philippines to be cautious in policy easing cycle

The consumer price index rose 2.3% in October from the previous month’s 1.9%. — Reuters

MANILA: The Philippine central bank said yesterday it will take a “measured approach” in its policy easing cycle as annual inflation accelerated in October on higher food and transport prices.

The consumer price index rose 2.3% in October from the previous month’s 1.9% print, the statistics agency said on Tuesday, below the 2.4% forecast in a Reuters poll of economists.