PH inflation accelerated to 2.3% in October

As expected, Philippine inflation accelerated in October to 2.3 percent, mainly due to more expensive food and nonalcoholic beverages and a slower drop in rice prices, according to the Philippine Statistics Authority. Preliminary PSA data showed that inflation as measured by the consumer price index (CPI) picked up pace to 2.3 percent year-on-year in October,
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