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Philippine inflation hits near 6-year low, predicted at 1.2%, as food and fuel costs drop.
Philippine inflation is predicted to slow to about 1.2% in July, the lowest in nearly six years, due to lower food and fuel prices.
The Bangko Sentral ng Pilipinas may cut interest rates further if inflation remains below the 2-4% target range.
The Philippine Statistics Authority will release official July inflation figures on August 5.
Meanwhile, the Philippine Stock Exchange index (PSEi) has entered bearish territory, and its recovery may depend on upcoming economic data, including second-quarter GDP growth, which analysts predict to be around 5.6%, slightly faster than the previous quarter.
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La inflación filipina alcanza cerca de un mínimo de 6 años, predicho en 1.2%, a medida que los costos de alimentos y combustible caen.