Philippines’ inflation soars to 14-year high, fueling expectations of more rate hikes
2022-12-07 09:35:14 source：CNBC
December 6, 2022
Philippines’ annual inflation data for November soared 8% year-on-year, marking the country’s highest inflation in 14 years as food prices soar, according to data from the Philippines Statistics Authority.
Its surge was driven primarily by costlier food prices.
Recent typhoons have hammered the production of crops like vegetables, rice and fruits, driving food prices higher.
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