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PH inflation rate hits 5.2 percent overall in April 2024, PSA reports

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The Philippine Statistics Authority reported on Tuesday that the country’s inflation rate for the bottom 30 percent income households increased to 5.2 percent in April 2024 from 4.6 percent in March.

PSA said the main driver of the upward trend for the overall inflation for the said income group was the high year-on-year growth rate of the heavily-weighted food and non-alcoholic beverages at 8.1 percent from 7.1 percent in the previous month.

 

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