![Philippine Dec inflation at 3.6per cent y/y, below market forecasts Philippine Dec inflation at 3.6per cent y/y, below market forecasts](https://onecms-res.cloudinary.com/image/upload/s--rV9eRNyf--/c_fill%2Cg_auto%2Ch_468%2Cw_830/fl_relative%2Cg_south_east%2Cl_one-cms:core:watermark:reuters%2Cw_0.1/f_auto%2Cq_auto/v1/one-cms/core/2022-01-05t011957z_1_lynxmpei0400w_rtroptp_3_philippines-economy-inflation.jpg?itok=0OGr2Yhg)
MANILA— Philippine annual inflation came in at 3.6per cent in December, the lowest level since December 2020, due to slower increases in the food and non-alcoholic beverages index, the country’s statistics agency said on Wednesday.
The headline figure was near the low end of the central bank’s projected range of 3.5per cent-4.3per cent for the month, and below the 3.8per cent median forecast in a Reuters poll. Full-year inflation averaged 4.5per cent, outside the 2per cent-4per cent target band of the Bangko Sentral ng Pilipinas.
(Reporting by Neil Jerome Morales and Enrico Dela Cruz; Editing by Ed Davies)
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