Philippine inflation eases to 6.2% in July
Author: Bworldonline·
Key Takeaways
- •Philippine inflation eased in July to its slowest pace in four months.
- •Lower transport costs helped pull the inflation reading down.
- •Food inflation remained steady during the month.
- •The Philippine Statistics Authority said inflation remains an important indicator for households, businesses, and policymakers.
PHILIPPINE inflation cooled to its slowest pace in four months in July as transport costs eased and food inflation steadied, the Philippine Statistics Authority (PSA) said. The reading matters because inflation is a key measure watched by households, businesses and policymakers for signs of pressure on everyday costs such as food and transport. Read the full story.
