Philippines' inflation rate slows to 2.8 per cent in January

Image from Philippine Daily Inquirer/ANN

MANILA (Xinhua): Year-on-year inflation in the Philippines further eased to 2.8 per cent in January from 3.9 per cent in December 2023, the Philippine Statistics Authority (PSA) said on Tuesday.

PSA head Dennis Mapa told a press conference that the January inflation rate is the lowest since the 2.3 per cent inflation rate was recorded in October 2020.