Philippines November CPI up 4.2% y/y, lowest since July

MANILA, Dec 7 (Reuters) – Philippine annual inflation in November came in at 4.2% PHCPI=ECI, the lowest level in four months, due to a slowdown in price increases for the heavily weighted food and non-alcoholic beverages index, government data on Tuesday showed.

The headline figure was above the central bank’s projected range of 3.3%-4.1% for the month, and higher than the 3.9% median forecast in a Reuters poll.

(Reporting by Neil Jerome Morales and Enrico Dela Cruz
Editing by Ed Davies)

((enrico.delacruz@tr.com))