MANILA (Philippine Daily Inquirer/Asia News Network): Inflation in the Philippines went up even higher at 8.1 per cent in December 2022 from 8 per cent in November, bringing the full-year average to 5.8 per cent, according to the Philippine Statistics Authority.
National Statistician Dennis Mapa said in a press briefing the December readout was mainly driven by faster rate of increases in prices of vegetables especially cabbage, rice, and fruits like bananas.
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