Philippine Headline Inflation Eases to Five-Month Low in August - BusinessWorld Online
Lower electricity and meat prices helped slow August inflation, but the annual rate stayed above the government’s 2% to 4% target range.
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Philippine headline inflation eases to five-month low in August - BusinessWorld Online
By Katherine K. Chan, Reporter SLOWER PRICE increases in food and electricity led headline inflation to its weakest pace in five months in August, the Philippine Statistics Authority (PSA) said on Friday. PSA data showed headline inflation, as measured by the consumer price index, eased to 6.1% in August from 6.2% in July, but accelerated […]
Inflation eases to 6.1% in August
MANILA, Philippines — Inflation eased to 6.1 percent in August from 6.2 percent in July amid slower increases in food, housing, and utility costs, the Philippine Statistics Authority (PSA) said on Friday. This marks the fourth straight month of deceleration since consumer prices peaked in April amid the Middle East war, bringing the year-to-date average
Inflation eases to 6.1% in Aug
MANILA, Philippines — Philippine inflation eased to 6.1 percent in August from 6.2 percent in July, the Philippine Statistics Authority (PSA) reported Friday.This is the fourth straight month that inflation has gone down since April’s over three-year high of 7.2 percent. It is also lower than the 6.2 percent recorded a month earlier but higher than last year’s 1.5 percent.The August inflation rate was primarily driven by the slower increase in f…
Annual inflation slows for fourth straight month in August to 6.1%
MANILA — Philippine annual inflation PHCPI=ECI edged down to 6.1% in August from 6.2% in July, slowing for a fourth straight month as increases in food and utility prices eased, the statistics agency said on Friday. The consumer price index was just above the 6% median forecast in a Reuters poll. It was within the central […]
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