MANILA - (UPDATE) Consumer prices rose 2.3 percent in October, matching the increase in the previous month, due to an uptick in food prices in the aftermath of two powerful typhoons, official data released Friday showed.

Inflation for the month was within the 1.9 percent to 2.7 percent expectation of the Bangko Sentral ng Pilipinas, but was below the 2.4-percent forecast of Standard Chartered Bank.

Food prices for the month rose 3.4 percent, according to the Philippine Statistics Authority.

Typhoons Karen (international name: Sarika) and Lawin (Haima) struck the northern region just days apart last month, destroying farmlands and houses.

Slower increases in the prices of health commodities, alcoholic beverages and tobacco helped offset higher food prices, Socioeconomic planning secretary Ernesto Pernia said.

A possible La Nina weather event, which would bring above average rainfall, more typhoons, a rally in oil prices, a weak peso and a possible power rate increase pose risks to inflation, he said.

"Given the larger possibility of more frequent and stronger rains, the agriculture sector needs to implement adaptation measures to protect the income of farmers and keep food price inflation at bay," said Pernia.

Bangko Sentral ng Pilipinas Governor Amando Tetangco said inflation was manageable over the policy horizon.

The headline inflation figure will slowly rise to within target in 2017 and 2018, he said.

The central bank, which kept key rates steady at its last meeting on Sept. 22, meets on Nov. 10 to review monetary policy setting.