Based on its monthly forecast, the BSP said the headline rate could settle within the range of 3.2 and four percent.
This is significantly lower than the July headline rate of 4.4 percent, which was the highest recorded since October 2023.
If realized, this would also mark the return of the inflation print back to the two to four percent target of the BSP after a quick breach in July.
The BSP attributed the downward inflation pressures to lower prices of domestic oil, rice, fish and meat along with the appreciation of the peso against the dollar.
For oil prices in August, a total decrease of P2.70 per liter has been recorded for gasoline, P2.80 per liter for diesel and P3.70 for kerosene.
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UPLIFTING THE LIVES OF FILIPINOS
The PLDT FounT dation was established on Sept.6, 1994, paving the way for Corporate Social Responsibility (CSR) in the Philippines at a time when it was far from the norm.
ECONOMIC AND SOCIAL ENTERPRISE
g gabay EDUCATION school ag ECONOMIC AND SOCIAL ENTERPRISE CACAO PRODUCTION AND REHABILITATION TEAM Gabay Guro: Supported by the PLDT Manager's Club and the Metro Pacific Investments Foundation, Gabay Guro offers scholarships, teacher training, livelihood programs, and more.
DA rolls out new credit program
The Department of Agriculture (DA) targets to cover 1.2 million hectares of rice farms under its new credit program that seeks to more than triple farmers' income, boost domestic productivity and reduce the country's reliance on imports.
Unilever to help Phl enterprises combat plastic waste
Consumer goods giant Unilever is providing grants to Philippine enterprises that help reduce plastic waste in the country.
Gov't completes 4 priority infra projects
The government has completed four priority infrastructure projects under the infrastructure flagship projects (IFP) list, according to the National Economic and Development Authority.
PAL brings back Cebu-Osaka flights
Flag carrier Philippine Airlines.
Index stays above 7,000
The local stock exchange has managed to stay above the 7,000-level to close the week, gearing up for whatever interest rate decision the US Federal Reserve makes.
Jollibee brings Milksha to US
Food giant Jollibee Foods Corp.(JFC) is bringing its premium milk tea brand to the United States, hoping to sip a cup of the demand for specialty beverages abroad.
Phl motor vehicle output revs up in 7 months
The Philippines posted the second fastest growth in motor vehicle production from January to July in Southeast Asia as the country's output rose by 15.2 percent, data from the Association of Southeast Asian Nations (ASEAN) Automotive Federation (AAF) showed.
DBM releases 97% of 2024 budget
The government has released P5.59 trillion or about 97 percent of the record P5.768 trillion allocation as of end-August as state agencies move to implement their priority programs.
