MANILA, Philippines---The uptick in the country's May inflation rate is a circumstance that does not set off alarm bells, Malacaang said Thursday. The Palace issued the statement after inflation, or the rate of prices of basic commodities, rose to 3.2 percent in May from 3 percent in April, breaking the six consecutive months of slowdown. READ: May inflation rate rises to 3.2% after 6-month slowdown In a statement, Presidential Spokesman Salvador Panelo said the inflation spike is attributed to a slight increase in some agricultural food products like vegetables, fish and fruits, as well as in housing, water and utilities. "The rise is within the 2.8 % to 3.6 % range estimate...
Keep on reading: Palace not alarmed with ‘slight’ inflation hike
from INQUIRER.net http://bit.ly/2QQnA26
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MANILA, Philippines---The uptick in the country's May inflation rate is a circumstance that does not set off alarm bells, Malacaang said...
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