Food, housing, and utility costs jumped: statistics agency
• Risks have spread to various commodity groups: statistician
• Philippine inflation quickened to a fresh 14-year high, defying all expectations including the bank’s, and spurring bets of sustained policy rate increases to quell broadening price pressure.• Consumer prices rose 8.7% in January from a year ago, Philippine Statistics Authority report compares with 8.1% in December and a median estimate of 7.6% in a Bloomberg survey Pilipinas had forecast last month’s inflation at 7.5%-8.3%