Transport inflation rose to 13.5% in August, driven by fuel price hikes and rising commute costs.
eWallets and digital banks are gaining ground as financial concerns persist and more Filipinos look for ways to save, pay and borrow.
Lower transport costs helped slow inflation from May’s 6.8%, but rising core inflation suggests many Filipinos may not feel immediate relief from higher prices.
Gasoline and kerosene also head higher.
Gasoline also declines by almost ₱4 per liter, while kerosene posts a larger decrease in latest adjustment cycle.
Food, housing, and transport costs showed signs of slowing, though rising core inflation suggests many households are still struggling.
