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Philippines Inflation Slows In March

Philippine inflation eased for the second straight month in March, data from the Philippine Statistics Authority showed on Tuesday.

The headline inflation rate slowed to 2.5 percent in March from 2.6 percent in February. In January, inflation was 2.9 percent.

The slowdown was driven by prices of transport, alcoholic beverages and tobacco, housing, water, electricity, gas, and other fuels.

Excluding selected food and energy items, core inflation slowed to 3.0 percent in March from 3.2 percent in the preceding month.

The year-to-date headline inflation was 2.7 percent and the core rate came in at 3.2 percent.

On a monthly basis, consumer prices rose 0.1 percent in March, after a 0.2 percent fall in the prior month.

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