MANILA, Feb 7 (Reuters): Philippine annual inflation accelerated faster than expected at 4.2% in January, the highest since January 2019, driven by the heavily-weighted food and non-alcoholic beverages index, the statistics agency has announced.
The headline figure beat the median forecast of 3.5% in a Reuters' poll and was outside the central bank's projected range of 3.3%-4.1% for the month.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!