Philippines Inflation Climbs 4.2% On Year In November

Overall consumer prices in the Philippines were up 4.2 percent on year in November, the National Statistics Office said on Tuesday.

That exceeded expectations for an increase of 3.9 percent and was down from 4.6 percent in October.

On a monthly basis, overall inflation gained 0.7 percent - beating forecasts for 0.23 percent and accelerating from 0.2 percent in the previous month.

Core CPI, which excludes volatile food prices, advanced an annual 3.3 percent. That beat expectations for an increase of 3.15 percent and was down from 3.4 percent a month earlier.

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