The country’s headline inflation has eased from a 32-month high, but the central bank said it still stands ready to adjust policy levers to keep a lid on commodity price increases driven by supply constraints.

The rate of inflation slowed to 4.4 percent in June from 4.5 percent in May, which was the highest since November 2011. But the rise in June this year was still significantly higher than the 2.7 percent recorded in June 2013, data from the Philippine Statistics Authority (PSA) showed on Friday.

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