ECONOMICS
INFLATION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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4.2%
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4.0%
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3.9%
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3.8%
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Detailed explanation-1: -The annual inflation rate in the Philippines stood at 8.6% in February 2023, close to a 14-year high of 8.7% in the previous month and slightly below market expectations of 8.8%.
Detailed explanation-2: -The annual inflation rate for the United States is 6.4% for the 12 months ended January 2023 after rising 6.5% previously, according to U.S. Labor Department data published Feb. 14. The next inflation update is scheduled for release on March 14 at 8:30 a.m. ET.
Detailed explanation-3: -The Philippine Statistics Authority reported today that the country’s headline inflation rate marginally slowed down to 8.6 percent in February 2023 from 8.7 percent in January 2023, as price increases of certain food commodities and energy eased.