MANILA, Nov 5 (Reuters) - Philippine annual inflation accelerated to 2.5% in October, the highest in three months, from 2.3% in the prior month, driven by the heavily-weighted food and non-alcoholic beverages index, the statistics agency said on Thursday.
The headline number was above the 2.3% median forecast in a Reuters’ poll, but within the Philippine central bank’s projected range of 1.9% to 2.7% for the month.
Core inflation, which excludes volatile food and fuel prices, slowed to 3.0% from 3.2% in September.
Reporting by Neil Jerome Morales and Enrico Dela Cruz Editing by Ed Davies
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