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
