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Philippines’ inflation rises to 4.9 pct in August

MANILA, Sept. 7 (Xinhua) — Year-on-year headline inflation in the Philippines accelerated to 4.9 percent in August, up from 4.0 percent in July, driven by increases in food and non-alcoholic beverages, the Philippine Statistics Authority (PSA) said on Tuesday.

The August inflation rate is the highest inflation recorded since January 2019, PSA head Dennis Mapa said in an online briefing, noting that the Philippi