MANILA — Philippine annual inflation PHCPI=ECI was 3.9% in May, versus the previous month’s 3.8% print, the statistics agency said on Wednesday.
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Economists in a Reuters poll had forecast annual inflation at 4.0%, within the central bank’s 3.7% to 4.5% forecast for the month. Core inflation for May was at 3.1% on an annual basis.
— Reporting by Neil Jerome Morales and Mikhail Flores; Editing by Martin Petty
