Philippines: No sign yet of peak inflation as January prices sizzle to new 14-year high
MANILA, Philippines (Updated, 11:35 a.m.) — Inflation unexpectedly got hotter in January as costly utilities during the month overtook expensive food items as the major driver of price growth, dashing hopes that the uptrend would reach its peak soon and would start to ease. Inflation, as measured by the consumer price index, accelerated 8.7% year-on-year in the […]
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