By Luisa Maria Jacinta C. Jocson, Reporter
HEADLINE INFLATION remained steady in January as lower utility costs offset a spike in food prices, preliminary data from the Philippine Statistics Authority (PSA) showed.
The consumer price index (CPI) rose 2.9% year on year in January, the same as December. It also settled within the 2.5%-3.3% forecast from the Bangko Sentral ng Pilipinas (BSP).
The January print was also slightly higher than the 2.8% median estimate in a BusinessWorld poll of 16 analysts.
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