Headline inflation slowed further to 3.7 percent year-on-year in November from 4.3 percent in October, but gained pace from 3.3 percent a year earlier, official data showed on Friday.

The November rate released by the Philippine Statistics Authority (PSA) came within the central bank's forecast range of between 3.5 percent and 4.3 percent for the month, as well as private analysts' estimates of between 2.5 percent and 4.1 percent.

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