THE country's headline inflation rate eased to its lowest level in over a year in January, at 3 percent, owing to lower annual increases in utility rates and energy prices, the Philippine Statistics Authority (PSA) reported on Friday.

PSA data showed that the current rate is the slowest since the 2.3 percent in October 2020 and is also lower than the 3.5 percent average estimate of economists polled by The Manila Times.

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