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Inflation in the Philippines accelerated in September, with the consumer-price index rising 7.2% year-on-year, up from 6.1% in August. The increase was driven by higher fuel and food prices.
Philippine annual inflation accelerated to 7.2% in September from 6.1% in August, the statistics agency said on Tuesday. Economists in a Reuters poll had expected annual inflation of 6.6% in September.
Philippine annual inflation rose to 7.2% in September, up from 6.1% in August, according to the statistics agency. This figure exceeded the Reuters poll expectation of 6.6%.