Inflation eased further to 6.2% in July
- The Philippine inflation rate eased to 6.2 percent in July from 6.4 percent in June, according to the Philippine Statistics Authority report on Wednesday, driven mainly by transport inflation cooling to 11.9 percent.
- Slower fuel price increases helped temper pressures, with gasoline inflation decelerating to 34.1 percent from 39.2 percent and diesel easing to 38.6 percent from 39 percent, said John Paolo Rivera, senior research fellow at the Philippine Institute for Development Studies.
- The latest print fell below the 6.4-percent median estimate of 14 economists surveyed by the Inquirer, though average inflation from January to July remained elevated at 5 percent, well above the 3-percent target of the Bangko Sentral ng Pilipinas .
- BSP Governor Eli Remolona Jr. said there is "little chance" of aggressive rate increases, while Chinabank indicated the central bank may end its rate-hiking cycle at its policy meeting on Aug. 27.
- Miguel Chanco, chief emerging Asia economist at Pantheon Macroeconomics, expects the BSP to "pause" its tightening campaign this month, adding that the post-war resurgence in core inflation appears to have finally peaked.
14 Articles
14 Articles
Inflation in Hungary has fallen to its lowest level in 10 years, Prime Minister Peter Mahyar announced on Friday. Pork and fresh fruit saw the biggest price drops in July. However, prices of alcohol, tobacco, and services rose.
Hungary’s July Inflation Drops to Decade Low
Hungary’s annual inflation rate slowed to 1.2 per cent in July, significantly below analysts’ expectations, according to data released by the Hungarian Central Statistical Office (KSH) on Thursday. Consumer prices were 1.2 per cent higher than a year earlier and fell 0.1 per cent compared with June. Economists had expected annual inflation of 1.5 per...
This development came as a result of relatively moderate price increases in food and food products, as well as in certain services.
Basilik Litvac, XP's Senior Inflation Economist, projects ‘moderate deceleration of the HICP between the end of this year and the end of next year's HICP
Inflation in Hungary slowed to 1.2 percent in July. The prices of energy and many food items decreased, while the prices of services increased.
According to the Central Statistical Office's flash report, store prices decreased by 4.4 percent in one year.
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