MANILA, March 5 (Xinhua) -- Year-on-year headline inflation in the Philippines accelerated to 4.7 percent in February 2021, up from 4.2 percent in January 2021, driven by increases in food and non-alcoholic beverages, the Philippine Statistics Authority (PSA) said on Friday.
"This is the highest inflation posted since January 2019," PSA head Dennis Mapa said in an online press conference.
Inflation in February 2020 stood at 2.6 percent.
Mapa said the 6.7 percent uptick in the inflation of the heavily-weighted food and non-alcoholic beverages during the month, from 6.1 percent in January 2021, mainly contributed to the uptrend in February inflation.
Excluding selected food and energy items, Mapa said the core inflation increased to 3.5 percent in February 2021, from 3.4 percent in January 2021.
Core inflation in February 2020 posted at 3.2 percent. Enditem
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