Headline inflation, as measured by the year-on-year change in the National Consumer Price Index increased to 70.2% in August 2022 from 66.7% in July 2022.
This increase in Y-o-Y inflation was mainly driven by the monthly increases of both Food and Non-Food categories. Accordingly, Food inflation
Inflation, or the rate of increase in the prices of consumer goods and services, decelerated slightly in August, snapping a five-month uptrend, amid slower increase in transport and food costs, the Philippine Statistics Authority reported on Tuesday.