A vendor wearing a mask takes a nap at a market in Manila, the Philippines, Jan. 5, 2021. Year-on-year inflation in the Philippines accelerated to 3.5 percent in December 2020, up from 3.3 percent in November 2020, driven by increases in food and non-alcoholic beverages, the Philippine Statistics Authority (PSA) said on Tuesday. PSA head Dennis Mapa told a virtual press conference that this was the highest inflation recorded since March 2019. (Xinhua/Rouelle Umali)

A vendor wearing a mask makes sausages at a market in Manila, the Philippines, Jan. 5, 2021. Year-on-year inflation in the Philippines accelerated to 3.5 percent in December 2020, up from 3.3 percent in November 2020, driven by increases in food and non-alcoholic beverages, the Philippine Statistics Authority (PSA) said on Tuesday. PSA head Dennis Mapa told a virtual press conference that this was the highest inflation recorded since March 2019. (Xinhua/Rouelle Umali)

Vendors wearing masks tend to customers at a market in Manila, the Philippines, Jan. 5, 2021. Year-on-year inflation in the Philippines accelerated to 3.5 percent in December 2020, up from 3.3 percent in November 2020, driven by increases in food and non-alcoholic beverages, the Philippine Statistics Authority (PSA) said on Tuesday. PSA head Dennis Mapa told a virtual press conference that this was the highest inflation recorded since March 2019. (Xinhua/Rouelle Umali)

A vendor wearing a mask moisturizes vegetables being sold at a market in Manila, the Philippines, Jan. 5, 2021. Year-on-year inflation in the Philippines accelerated to 3.5 percent in December 2020, up from 3.3 percent in November 2020, driven by increases in food and non-alcoholic beverages, the Philippine Statistics Authority (PSA) said on Tuesday. PSA head Dennis Mapa told a virtual press conference that this was the highest inflation recorded since March 2019. (Xinhua/Rouelle Umali)