(MENAFN) The inflation rate in the Philippines went up to its highest in two years in December, Xinhua reported
The National Statistics Office reported that the country's inflation rate increased to 4.1 percent, the highest since December 2011 when it hit 4.2 percent
Food prices in the Philippines increased 5 percent last month from 4 percent in the month before it
The Economic Planning Secretary said: "Almost all food items in the average consumer basket increased, which can be mainly attributed to the impact of typhoon Haiyan, locally known as Yolanda that hit the central Philippines in November 2013.
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