MOODY'S Analytics, a unit of Moody's Corp., expects Philippine inflation to have eased to 4.7 percent last month from 4.9 percent in October.

The estimate falls within the Bangko Sentral ng Pilipinas' (BSP) forecast of 4.0-4.8 percent for the month but is higher than the 4.4-percent median in a Manila Times poll of economists.

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