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  • Oil nearing $100 per barrel may accelerate inflation past 4%

    Oil nearing $100 per barrel may accelerate inflation past 4%

    MANILA – Rising global oil prices linked to the Middle East conflict may push the Philippines’ inflation rate above the four percent mark this year, according to Rizal Commercial Banking Corporation chief economist Michael Ricafort. Domestic inflation in January stood at 2 percent, at the lower end of the Bangko Sentral ng Pilipinas’s 2–4 percent…