Philippine inflation at 5.4 percent in February

Author lbostgadmin | Posted on March 5, 2008 | World

MANILA, March 5, 2008 (AFP) – Inflation in the Philippines rose to 5.
4 percent in February, its highest level since October 2006, the government said Wednesday. The figure was a sharp increase on the 2.
6 percent posted for the same period last year and up on the January inflation rate of 4.
9 percent.

Core inflation, which excludes selected food and energy items, rose to 4.
0 percent in February from 3.4 percent in January, the National Statistics Office said in a statement.
It was the biggest inflation rate since October 2006, which also saw 5.4 percent inflation.