• The Philippines’ consumer prices rose less than economists expected in December.
• Consumer prices rose 3.9% y/y (estimate +4.0%) in December, according to the Philippine Statistics Authority
  ** Estimates range +3.7% to +4.4%, 12 economists
• Core consumer prices rose 4.4% y/y
• Capital region consumer prices rose 3.5% y/y
• Consumer prices rose 6.0% y/y in January to December