In January, the inflation rate in the Philippines rose for the second consecutive month.

The Philippines' inflation rate has continued to rise for the second consecutive month, but still remains within the target range set by the country's central bank, providing room for further monetary policy easing. Data released by the Philippine Statistics Authority on Thursday showed that the consumer price index rose by 2% year-on-year in January, exceeding the median expectation of 1.8% from a media survey and higher than December's inflation data. This latest inflation data will be one of the factors considered by monetary policy officials at their next interest rate setting meeting on February 19. The central bank of the Philippines has an inflation target of 2% to 4%. In this current cycle of monetary easing, the key policy rate has been cut by a total of 200 basis points.