• July inflation at 1.9% doubles yr-earlier rate

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    Headline inflation more than doubled its pace to 1.9 percent in July from a year earlier, although it remained unchanged from June, with higher prices of alcoholic beverages and non-food items offsetting moderated food and energy prices, data released by the Philippine Statistics Authority (PSA) on Friday showed.

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    The comparative rate in July 2015 stood at 0.8 percent.

    Core inflation was steady at 1.9 percent in July this year compared with a year earlier.

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