Philippines' August inflation rate likely within 2-4% target due to lower rice and fuel prices.

Analysts predict that the Philippines' inflation rate eased in August, likely falling within the central bank's 2-4% target due to declines in rice and fuel prices. The median estimate for August's consumer price index is 3.7%, down from 4.4% in July. While stable food prices support this trend, rising transport and energy costs may pose inflation risks. The official inflation data will be released by the Philippine Statistics Authority on September 5.

September 01, 2024
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