Thursday, May 5, 2011

Inflation accelerates to 4.5% in April

Business World
By Judy Dannibelle Chua Co


ANNUAL INFLATION accelerated to 4.5% in April, following faster growth in all commodity groups except food, beverages and tobacco, the National Statistics Office (NSO) reported on Thursday.
The April inflation number, the highest in 12 months but within monetary authorities’ forecast of 3.7-4.7% for the month, was faster than March’s 4.3% but at par with last year’s 4.5%, the NSO said.

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