Philippines' November inflation hits 20-month high after typhoons

MANILA (Reuters): Philippine annual inflation accelerated more quickly than expected in November to reach the highest level in 20 months as a series of destructive typhoons disrupted food supplies and drove prices higher.

The Consumer Price Index rose 3.3% last month from a year earlier, the Philippine Statistics Authority said on Friday (Dec 4), well above the 2.6% median estimate in a Reuters poll and outside the central bank's projected range of 2.4% to 3.2% for the month.