Inflation slows in Oct as food prices decline

Nov 08, 2023 12:47 am

INFLATION markedly slowed last month as prices of key food items fell, the government reported on Tuesday.

October's 4.9-percent result, down from September's 6.1 percent, snapped a two-month run of consumer price hikes that began in August and was also lower than the 7.7 percent posted a year earlier.

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