Philippines annual inflation slows to 1.7% in August
Published Thu, Sep 5, 2019 · 01:45 AM
[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
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
China says Hamas and Fatah express will for reconciliation
US consumer confidence at lowest level since 2022
Record gold prices boost recycling: WGC
Malaysian fast food operator QSR shelves IPO plans amid boycott campaign: sources
WHO warns of bird flu risk spreading to cows outside US
Sri Lanka’s key inflation rate rises to 1.5% in April