Manila, Dec 5 : The Philippine Statistics Authority (PSA) on Tuesday said that year-on-year inflation in the country further eased to 4.1 per cent in November, the lowest since March 2022, mainly due to lower food prices.

The November inflation rate, down from 4.9 per cent in October, brought the national average inflation from January to November this year to 6.2 per cent. In November 2022, the inflation rate was higher at 8 per cent, reports Xinhua news agency.

In a press conference, PSA's head Dennis Mapa said the drop in the overall inflation in November was primarily brought about by the lower year-on-year growth rate of the heavily weighted food and non-alcoholic beverages at 5.7 per cent in November from 7 per cent in October.