ID:
1559710883611395900
Wed, 2019-06-05 04:30
MANILA: Philippine annual inflation quickened in May for the first time in eight months, but analysts say a slowing economy and lack of price pressures this year will likely mean more policy easing.
The consumer price index in May rose 3.2 percent from a year earlier due to a rise in food and utility prices, the statistics agency said on Wednesday. Inflation picked up from April’s 3.0 percent pace and was above the 2.9 percent forecast in a Reuters poll.
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