Inflation rises anew as storms lift prices

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INFLATION rose for a second straight month in November as food prices increased in the wake of a series of storms that battered the country, the Philippine Statistics Authority (PSA) reported on Thursday.

Consumer price growth picked up to 2.5 percent last month from 2.3 percent in October, hitting the median forecast in a Manila Times poll of economists and falling within the Bangko Sentral ng Pilipinas’ (BSP) 2.2- to 3.0-percent estimate.

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