Philippine inflation in June slows down slightly

Inflation in the Philippines slowed down to 4.4 percent in June from 4.5 percent of last month, Philippine Statistics Authority announced Friday.
However, the inflation was still much higher than the figure of the same month a year ago, which stood at 2.7 percent, the government agency said.
Prices of the heavily-weighted food items including rice, garlic, sugar, pork, chicken, eggs and ginger went up during the month.
Slower annual increments were recorded in the indices of alcoholic beverages and tobacco, housing, water, electricity, gas and other fuels, transport and recreation and culture.
Annual inflation in the National Capital Region (NCR) improved to 3.6 percent in June, while inflation in other parts of the country was pegged at 4.7 percent in June.