Philippines inflation ticks up to 2.5% in November, driven by higher food prices.

The Philippines' inflation rate rose to 2.5% in November 2024, up from 2.3% in October, driven mainly by increases in food prices, particularly vegetables. The year-to-date average inflation is 3.2%, staying within the government's target range of 2% to 4%. The core inflation rate, excluding volatile food and energy prices, was 2.5% in November, slightly higher than the previous month.

4 months ago
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