A stall sells assorted varieties of rice inside a market in Quezon City. — PHILIPPINE STAR/MIGUEL DE GUZMAN

MANILA — Philippine inflation could breach this year’s 2% to 4% target if oil price increases are sustained, the Economic Planning Secretary said on Tuesday, adding that economic growth could fall below target.

Department of Economy, Planning, and Development (DEPDev) Arsenio M. Balisacan said the growth target could be missed due to a combination of higher inflation and lower remittances. — Reuters

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