Inflation hits 4.9% in April

by Mayvelin U. Caraballo - Anna Leah E. Gonzales

May 06, 2022 12:25 am

INFLATION accelerated to 4.9 percent in April, the highest in over three years, mainly driven by higher food and transport prices.

'The rise in consumer prices was the fastest since the 5.2 percent recorded in December 2018,' National Statistician Dennis Mapa said in a briefing on Thursday.

National Statistician Dennis Mapa. PHOTO FROM PSA WEBSITE

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