The Philippines’ inflation rate remained at 4.5 percent year-on-year in April even as meat, especially pork, remained expensive while transport and fuel costs climbed amid normalizing global oil prices, the government reported on Wednesday.
As last month’s average pace of increase in prices of basic commodities matched that in March, headline inflation averaged 4.5 percent, which was still above the government’s 2-4 percent target range.
National Statistician Dennis Mapa told a press briefing that food and nonalcoholic beverages, transport, restaurant and miscellaneous goods and services contributed the most to inflation last month.
Food inflation, which accounted for the bulk o…
Keep on reading: High meat, fuel prices kept PH inflation elevated in April