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Philippines annual inflation slows to 1.7% in August

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Philippine annual inflation was 1.7 per cent in August, easing from a 2.4 per cent climb in the previous month, due to a drop in food and utility prices, the statistics agency said on Thursday.

[MANILA] Philippine annual inflation was 1.7 per cent in August, easing from a 2.4 per cent climb in the previous month, due to a drop in food and utility prices, the statistics agency said on Thursday.

Economists in a Reuters poll had forecast inflation to ease 1.8 per cent in August, which was within the central bank's 1.3 per cent -2.1 per cent forecast for the month.

REUTERS

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