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MANILA -Inflation within the Philippines slowed down for the third month in a row to six.6 % in April from 7.6 % in March, in line with the Philippine Statistics Authority.
The April print is slower than anticipated, with analysts having penciled in a consensus forecast of seven % and the Bangko Sentral ng Pilipinas 6.7 %.
National Statistician Dennis Mapa mentioned this was primarily as a consequence of slower will increase of costs of greens, fish and meat in addition to of diesel and gasoline, and in addition electrical energy and LPG.
For the 4 months from January to April, inflation averaged at 7.9 %.
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