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Philippines’ inflation rate slows to 8.6 pct in February

MANILA, March 7 (Xinhua) — Year-on-year inflation in the Philippines slowed to 8.6 percent in February 2023 from 8.7 percent in January after rising for five months straight as the price increase of certain food commodities and energy eased, the Philippine Statistics Authority (PSA) said on Tuesday.

The inflation rate in February 2022 was lower at 3 percent. The average inflation rate for the first two months o