MANILA: Philippines annual inflation in May was steady at 4.5per cent for the third straight month, as slower price increases in the heavily-weighted food and non-alcoholic beverage index offset higher energy costs, government data showed on Friday.
The May headline inflation matched the median forecast in a Reuters poll, coming in within the central bank’s projected range of 4.0per cent-4.8per cent for the month.
(Reporting by Neil Jerome Morales; Editing by Ed Davies)
Source: Reuters
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