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Philippines' CPI declines marginally in October 2023

Non-food items showed a deceleration in growth, with the monthly increment easing to *.* per cent in October from *.* per cent the previous month.

Conversely, the clothing and footwear sector bucked the trend with a seasonally adjusted rise. The sector saw an uptick in its CPI, accelerating to a *.* per cent increase compared with a modest *.* per cent in the preceding month. This increase is even more pronounced within the National Capital Region (NCR), where clothing and footwear climbed by *.* per cent, up from *.* per cent previously, as per PSA.