Philippine inflation in August up 7% on higher food, energy prices

14:11, September 07, 2010      

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Philippine inflation in August rose 4 percent on higher food and utility prices, the country's statistics office reported Tuesday.

"Price hikes in selected food items such as vegetables, eggs, fish, sugar and cooking oil pushed up the country's month-on-month inflation rate by 0.2 percent in August. Increased charges in electricity rates in NCR and in some regions were noted during the month," the National Statistics Office (NSO) said in a statement.

The NSO said the annual price increase in the food, beverages and tobacco index (FBT) rose to 3.5 percent in August from 3.2 percent in July; clothing, 2 percent from 1.9 percent; fuel, light and water (FLW) index, 15.3 percent from 14.4 percent; and miscellaneous items, 1.4 percent from 1.2 percent.

Excluding selected food and energy items, core inflation advanced to 4.2 percent in August.

Source: Xinhua


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