Philippine headline inflation rate decreased to 3.7% in June from 5.4% in May due to slower electricity and transport cost increases.
The Philippine Statistics Authority reported a decrease in headline inflation rate to 3.7% in June from 5.4% in May, attributed to slower increases in electricity and transport costs. This decline indicates a moderation in overall inflationary pressure in the Philippine economy. The National Economic and Development Authority (NEDA) expects the downtrend in overall inflation to continue, with food inflation predicted to decrease, and no sharp increases in non-food item prices are anticipated.
July 07, 2024
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