MANILA, Philippines (UPDATED) – Inflation in July surged to 5.7%, the highest in over 5 years. The figure brought up this year's average to 4.5%, already beyond the government's target range of 2% to 4%.
The figures are worse if we look at the regional data. The Autonomous Region in Muslim Mindanao felt 7.7% inflation.
Should we worry about the elevated prices of goods? Experts are starting to get the jitters.
When we should worry
Why inflation accelerated further
Who or what is to blame