PHILIPPINES-POWER RATE HIKE-LIVELIHOOD INFLATION

PHILIPPINES-POWER RATE HIKE-LIVELIHOOD INFLATION

(230913) -- QUEZON CITY, Sept. 13, 2023 (Xinhua) -- Vendors are seen at a market in Quezon City, the Philippines, on Sept. 13, 2023. The Manila Electric Company (Meralco), the largest private-sector electric distribution utility in the Philippines serving 7.7 million customers, announced last week an increase of around 0.5 pesos (0.008 U.S. dollars) per kWh in electricity rates since September. The power rate hike could further contribute to the rising inflation that rose to 5.3 percent year-on-year in August from 4.7 percent in July. (Xinhua/Rouelle Umali)

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  • ILEA001724696
  • Registered date
  • 2023/9/14 00:00:00
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  • Xinhua / Kyodo News Images
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