Philippine inflation rises to 4.1% in May
MANILA, June 5 Kyodo
The Philippines’ year-on-year inflation rate rose to 4.1% in May, bringing inflation for the first five months of this year to 3.3%, the government said Monday.
The rate for May was up 0.4 percentage point from April’s 3.7%, the National Statistics Office said.
Higher prices of food, beverages, tobacco and clothing led to the rise, the office said.
The inflation rate for food rose to an average of 1.8% in May for the whole country, from 0.9% in April.
In metropolitan Manila, the rate for food climbed to 3.1% from zero growth in April.
The government has set an inflation target of 6-7% for the whole year.
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