MANILA :Philippine annual inflation quickened slightly in June, driven by increased utility costs, but remained below the central bank's target range and left the door open for further interest rate cuts to support economic growth. The consumer price index rose by 1.4 per cent year-on-year in June, marginally above May's 1.3 per cent pace but below the median 1.5 per cent increase forecast in a Reuters poll. This brought the year-to-date average inflation to 1.8 per cent, below the central bank'

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