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Philippine inflation climbs to 4.2%

February 6, 2014

Philippine inflation inched up to 4. 2 percent in January from 4.1 percent in December 2013 on the back of higher prices of basic commodities, the National Statistics Office (NSO) said on Wednesday. NSO said inflation accelerated in January due to higher prices of food, clothing and household equipment, Xinhua reported. Excluding selected food and energy items, core annual inflation remained at 3.2 percent during the period

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Source: Iran Daily

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