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news Philippine inflation eases, peso value improves; One Peso Blog
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Philippine inflation eases, peso value improves

11/07/08 14:27

The Philippine government announced that, as expected, inflation in the Philippines eased after prices of oil and food dropped considerably.

The demand for oil is also putting less pressure on the greenback, allowing the Philippine peso to regain some of its lost value. It broke the 47-level again before ending up in the 48-level when the market closed. More details about this here at Inquirer.Net

Link: Business - Inflation eases; peso strengthens - INQUIRER.net

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