Philippines Reaffirms Easing May Soon End as Inflation on Target

Philippine inflation accelerated to the highest in nearly a year, and returned within the central bank’s target as monetary authorities reaffirmed that the easing cycle may be drawing to a close.

Consumer prices rose 2% in January from a year ago, the Philippine Statistics Authority said on Thursday. That was above the 1.8% median estimate in a Bloomberg News survey and the print recorded in December.