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Philippines: Inflation steadies anew in May but supply woes persist

MANILA, Philippines (Update 1, 12:32 p.m.) — Inflation remained steady for the third straight month in May, a welcome reprieve to consumers amid a pandemic-induced economic slump. Inflation, as measured by consumer price index, was unchanged at 4.5% year-on-year last month from April, the Philippine Statistics Authority reported Friday. That brought the year-to-date tally to 4.4%, settling […]

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