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Inflation rate in the Philippines climbed to 4.4 percent in July 2024 from 3.7 percent in June, the Philippine Statistics Authority said Tuesday.
The National Economic and Development Authority assured the public that the government is implementing crucial interventions to support the most vulnerable sectors and ensure food security amid the La Niña phenomenon and the higher inflation recorded in July. While rice inflation slowed to 20.9 percent from 22.5 percent, it remained the top contributor to the July inflation with 1.9 percentage points , followed by food and beverages services , housing rental , and meat .
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