The headline inflation climbed to 8% in November from 7.7% in October and 3.7% a year ago, reaching a 14-year high since the 9.1% reading in November 2008 during the global financial crisis. The headline figure is near the higher end of the central bank’s 7.4-8.2% forecast range for November, and marked the eighth straight month that inflation breached the Bangko Sentral ng Pilipinas’ 2-4% target range for the year. Likewise, inflation among the bottom 30% of income households rose to 7.7% from 7.3% in October, and 4.2% in November last year. This infographic shows how much each major commodity contributed to the inflation for both groups for November. For all income households, food and non-alcoholic beverages largely contributed with 3.7 percentage points (ppts.), which is followed by the utilities basket with 1.5 ppts. Likewise, in the poor households, food and utilities remained the major contributors with 4.7 ppts., and 1.2 ppts., respectively.
