Philippine Annual Inflation at 1.5% in August

Inflation up 1.5% in August

MANILA, Philippines — Higher prices of key food items and transport costs pushed inflation up in August, the Philippine Statistics Authority (PSA) reported on Friday.Consumer price growth increased to 1.5 percent last month, higher than the 0.9 percent recorded in the previous month but lower than the 3.3 percent recorded in the same month last year.It is higher than the 1.2 percent median forecast of The Manila Times poll of economists but with…

Philippine annual inflation at 1.5% in August

MANILA :Philippine annual inflation quickened to 1.5 per cent in August from the prior month's 0.9 per cent rate, reflecting increases in the costs of housing, utilities and food and drinks, the statistics agency said on Friday. The latest inflation print, which was above the 1.3 per cent forecast in a Reut