Petrol prices drive highest Philippine inflation in years

Manila: Soaring petrol prices driven by the Middle East conflict pushed inflation in the Philippines to a 44-month high of 7.8 percent in October, the government said Thursday, as the country continues to struggle with a devalued peso. The latest inflation number was the highest since the 8.6 percent recorded in February 2023, chief Philippine statistician Dennis Mapa said, topping analysts'…

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