Oil crisis pushes Philippine inflation to over three-year high in April

Oil crisis pushes Philippine inflation to over three-year high in April
By Katherine K. Chan, Reporter Elevated oil prices began to feed through food and utility costs, driving headline inflation to an over three-year high of 7.2% in April, the Philippine Statistics Authority (PSA) said on Tuesday. PSA data showed that the consumer price index (CPI) heated up to 7.2% last month, from 4.1% in March […]