Philippine Inflation Accelerated in May as Oil Costs Lifted Fuel Prices

(Bloomberg) -- Philippine inflation accelerated in
May as the price of crude oil approached a six-month high,
pushing up utility costs.

Consumer prices rose 2.4 percent from a year earlier, the
National Statistics Office said in Manila. The median estimate
of nine economists in a Bloomberg survey was 2.5 percent.
Inflation was 2.3 percent in April and 2.2 percent in March, a
seven-year low.


Read more at Bloomberg Emerging Markets News