Inflation slows to 7-mth low at 5.1%

By Mayvelin U. Caraballo, TMT,RALPH VILLANUEVA,Anna Leah E. Gonzales

Jan 05, 2019 1:04 am

Headline inflation slowed to a seven-month low of 5.1 percent in December, the Philippine Statistics Authority (PSA) said on Friday, bringing the full-year average to 5.2 percent.

“The slowdown of inflation in December 2018 was mainly driven by the slower annual increments in the indices of food and non-alcoholic beverages at 6.7 percent and transport at 4.0 percent,” the PSA said in a statement.

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