Headline inflation picked up pace to 2.5 percent in February from 2.4 percent in January, but decelerated from 4.1 percent recorded a year earlier, official data showed on Thursday.
The February figure released by the Philippine Statistics Authority (PSA) came within the central bank’s forecast range of between 2.2 percent and 3 percent for the month, as well as private analysts’ estimates of between 2.4 percent and 2.7 percent.
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