Inflation hits 8-mo high in January

Feb 06, 2020 1:06 am

THE country’s headline inflation accelerated to an eight-month high of 2.9 percent in January, the Philippines Statistics Authority (PSA) announced on Wednesday, supporting analysts’ consensus view that monetary authorities could resume easing policy rates as early as this month.

A vendor puts a price tag on her bananas at her makeshift stall near Quinta Market in Quiapo, Manila in this August 2019 file photo. PHOTO BY ENRIQUE AGCAOILI

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