Philippines central bank says October inflation likely within 7.1% to 8.1% range CEBU, Philippines

Philippine inflation is expected to have stood between 7.1% and 8.1% in October, according to a Friday statement from the country’s central bank, Business Recorder reported. The estimate gives a range rather than a final reading, with the national statistics agency scheduled to publish the official October figure on November 5. The central bank’s assessment is therefore an indication ahead of that release, not the published inflation result.

The central bank said it would continue monitoring incoming information, with inflation and growth prospects among the factors guiding its approach. The report did not provide a specific point estimate within the stated range or further details on the factors behind the expected reading. For Pakistani readers, this is an overseas economic update rather than a domestic inflation announcement, and its relevance is primarily to those following Philippine economic data and central-bank commentary.