Headline inflation rose to 1.5 percent in the second quarter of 2016 on upticks in food and non-food items. The rate remained subdued as the year-to-date average stood below the government’s target range of 2-4 percent for the year, the central bank said on Friday.
The consumer price index (CPI), said the Bangko Sentral ng Pilipinas (BSP) in its Second Quarter 2016 Inflation Report, has advanced from 1.1 percent in the first quarter of 2016.
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