The country’s year-on-year headline inflation rate slightly went up to 2.5 percent in February, from 2.4 percent in January. The PSA-NSO observed that this was primarily due to slight increases in the following commodities: housing, water, electricity, gas and other fuels and transport. It was also noted that indices of the following commodities have decelerated: food and non-alcoholic beverages; alcoholic beverages and tobacco; clothing and footwear; furnishing, household equipment and routine maintenance of the house; and, restaurant and miscellaneous goods and services. Meanwhile, the core inflation rate increased to 2.5 percent in February, from 2.2 percent in January. Source: Philippine Statistics Authority - National Statistics Office (PSA-NSO)
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The average peso-dollar exchange rate continued to go down to 44.221 in February, from 44.604 in January. It shows that the peso remained stronger compared to the US dollar since the first month of 2015. Meanwhile, this figure is lower compared to 44.895 in the same period last year. Source: Bangko Sentral ng Pilipinas (BSP)
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