The country’s headline inflation further decelerated to a five-month low of 2.2 percent in April from 2.5 percent the month before on the back of lower oil prices, the Philippine Statistics Authority (PSA) reported on Tuesday.
This April 7, 2020 file photo shows an attendant filling up the gas tank of a private vehicle at a Petron station in Pasay City. The Philippine Statistics Authority reported on May 5 that the country’s headline inflation slowed to 2.2 percent in April that it attributed to the drop in fuel prices. PHOTO BY J. GERARD SEGUIA