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flag Philippine inflation hit 2.4% in February 2026, highest in over a year, mainly due to rising food prices.

flag Philippine inflation rose to 2.4% in February 2026, the highest in over a year, driven by faster increases in food prices, particularly rice, corn, and other essentials, according to the Philippine Statistics Authority. flag Core inflation edged up to 2.9% from 2.8% in January. flag The rise was attributed to global factors, including Middle East tensions affecting oil and commodity markets, with officials monitoring supply risks and potential impacts on living costs, especially for low-income households. flag Inflation remained within the government’s 2% to 4% target range.

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