MANILA ---Inflation softened for the third straight month in December despite the typical surge in demand during the Holiday season, thanks to slower increases in utility costs and prices of some key food items. Inflation---as measured by the Consumer Price Index (CPI)--- eased to 3.9 percent year-on-year in the final month of 2023, from 4.1 percent in November, the Philippine Statistics Authority (PSA) reported Friday. The latest reading fell within the Bangko Sentral ng Pilipinas' (BSP) forecast range for last month of 3.6 percent to 4.4 percent. It was also the slowest print since February 2022. PH inflation slows further, moves closer to target With that, the monthly ...Keep on reading: PH December inflation eases to 3.9%