Lower food prices cooled November inflation to 1.5%

MANILA, Philippines — Inflation cooled to 1.5 percent in November after the continued decline in rice prices helped temper overall food costs, the Philippine Statistics Authority (PSA) reported on Friday. The latest print is slower than the 1.7 percent clip recorded in October and landed within the Bangko Sentral ng Pilipinas’ (BSP) 1.1 to 1.9