Inflation slows down to 4.4% in January

THE Philippine’s annual headline inflation slowed down in January 2019 at 4.4 percent, the Philippine Statistics Authority (PSA) reported on Tuesday, February 5 .

Its annual rate in December 2018 was 5.1 percent and in January 2018, 3.4 percent, the PSA stated.

“This was primarily due to the slowdown in the annual increment of the index for the heavilyweighted food and nonalcoholic beverages at 5.6 percent, from 6.7 percent in December 2018,” the PSA stated.

Inflation is the rate of increase of the prices of goods. (Sunstar Philippines)