Economy 1 MIN READ

Philippines August inflation at 6.3% y/y

September 6, 2022By Reuters

Philippine annual inflation eased to 6.3% in August PHCPI=ECI, slowing for the first time in six months as increments in food prices also slowed, the statistics agency said on Tuesday.

The headline figure, slower than July’s 6.4%, matched the median forecast in a Reuters poll. It was, however, within the central bank’s projected range of 5.9% to 6.7% for the month.

(Reporting by Neil Jerome Morales; Editing by Martin Petty)

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