Emerging markets - Philippines August inflation at 4.9%, beats expectations, as most Asia stocks inch up after China data

MANILA, Sept 7 (Reuters): Philippine stocks added 0.5% on Tuesday to hit their highest since mid-July. Government data showed the country's annual inflation in August accelerated to its highest since December 2018.

Meanwhile, The central bank of Philippines on Tuesday (Sept 7) brushed off the unexpected spike in the inflation rate for August, saying the pace of price increases for basic goods and services will normalise soon, reported the Philippines Daily Inquirer.