Manila - The Philippines' year-on-year inflation rate rose to 12.5 per cent in August, near a 17-year-high, despite the easing of world fuel prices, the government said Friday.
The National Statistics Office (NSO) said the August index was the highest since December 1991, when the inflation rate hit 13.2 per cent.
The figure was higher than July's 12.3 per cent and the 2.4 per cent in August 2007.