Consumer prices quickened for the third straight month in December, stoking worries that a projected recovery this year would be hampered by rising prices which nonetheless ended 2020 at a manageable level.
Inflation, as measured by consumer price index, hit 3.5% year-on-year last month, . the fastest since February 2019's 3.8%, the Philippine Statistics Authority reported on Tuesday.
For all of 2020, inflation averaged 2.6% year-on-year, well within the central bank's 2-4% target. In 2019, inflation hit 2.5%.