The Philippines’ inflation rate eased to 4.4 percent in September from 4.9 percent a month earlier due to a slow increase in the price of rice, electricity and petroleum.

The Philippine Statistics Agency (PSA) predicted that the country’s inflation rate in 2014 will be from 3 to 5 percent, within the target of the Development and Budget Coordination Committee (DBCC).

According to PSA, the country’s exports in the first eight months of the year fetched 40.74 billion USD, an increase of 9.2 percent compared to the same period last year.

Electronics remains the leading export with 2.27 billion USD in turnover, accounting for 41.6 percent of the nation’s total export revenue in August.

Japan, China, the US and Singapore are the main export markets of the Philippines.-VNA