Philippines inflation hits 3-year low at 3.9 percent in January

MANILA, Feb 6, 2007 (AFP) – The Philippines posted an inflation rat of 3.9 percent in January, the slowest pace of price increases in 39 months, the government said Tuesday.
Inflation stood at 3.6 percent in October 2003. The January figure was at the low end of the central bank’s projected range of between 3.9 and 4.6 percent and well down on December’s rate of 4.3 percent, the National Statistics Office said.

Consumer prices in January rose 0.3 percent compared with December when they had risen 0.1 percent month-on-month, it said. .

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