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Philippine inflation eases to 11.2 percent in October
AFP - 2 hours 22 minutes ago
MANILA (AFP) - - Inflation in the Philippines eased slightly to 11.2 percent in October from the previous month as oil and rice prices continue to fall, the government said Wednesday.
The National Statistics Office said it had revised its September inflation rate from 11.9 percent to 11.8 percent without giving a reason.
October's inflation rate was below the central bank's forecast range of 11.3 to 12.1 percent, according to Dow Jones Newswires.
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