Philippine Inflation Rate of 11.4% highest in 14 Years
- Author: Chief Grabeh!
- Filed under: News
Jul 4,2008
The Philippines is experiencing its highest inflation rate since 1996 at 11.3%. The declining economy is further affected by the sudden increase of fuel prices brought upon by global oil prices.
The Philippine Peso also went down against the US Dollar to surpass the Php45 peso mark.
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