MANILA, Feb 6 (Bloomberg): Inflation in the Philippines picked up more than expected in January, signaling that space for easy monetary policy might be narrowing amid a shaky economic recovery. The peso fell.
Consumer prices rose 4.2% last month from a year earlier, the statistics agency reported Friday, the fastest since January 2019. That’s above the central bank’s forecast of 3.3%-4.1%, and higher than all 19 analyst estimates in a Bloomberg survey, which had a median of 3.5%.
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