Philippine inflation at 2.1% in February

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Vendors, truck drivers and other essential workers line up to receive their booster shot at the night market in Divisoria, Manila on Jan. 5, 2022. (The STAR/Miguel de Guzman)

MANILA— Philippine annual inflation was 2.1 in February, below the previous month’s rate, the statistics agency said on Wednesday.

The increase in the consumer price index PHCPI=ECI in February, which was lower than the median forecast of a 2.6% rise in a Reuters poll, was mainly due to slower growth in prices of food and drinks, the agency said.

Core inflation, which strips out volatile food and energy prices, was at 2.4% in February from 2.6% in January.

—Reporting by Mikhail Flores and Karen Lema; Editing by John Mair