MANILA (Reuters) -Philippine annual inflation was 1.4% in April, the statistics agency said on Tuesday, below the previous month's 1.8% rate and the lowest reading since November 2019, according to LSEG data.

The Philippines’ inflation rate continued its deceleration streak for the third straight month, remaining below 2% in April, on the back of slower movements of food and transport costs, the Philippine Statistics Authority (PSA) reported on Tuesday.

Headline inflation fell to its lowest level in over five years at 1.4 percent in April this year, the lowest recorded since the 1.2 percent in November 2019, the Philippine Statistics Authority (PSA) said Tuesday.