Philippine central bank to take ‘measured approach’

The consumer price index rose 2.5% in November from 2.3% the previous month. — Reuters

MANILA: The Philippine central bank says it will take a “measured approach” in its easing cycle as inflation slightly accelerated for a second straight month in November.

The consumer price index rose 2.5% in November from 2.3% the previous month as a slew of typhoons last month pushed food prices higher.