Headline inflation eased in the fourth quarter of 2014 to 3.6 percent, pulled down by further sequential declines in food, electricity and oil prices, but still stood higher than year-ago levels, data from the central bank showed on Friday.

Growth in the consumer price index (CPI) slowed from 4.7 percent in the third quarter, but accelerated from 3.4 percent in the fourth quarter of 2013, the Bangko Sentral ng Pilipinas (BSP) said in its Fourth Quarter 2014 Inflation Report .

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