If realized, July inflation may breach the two to four percent target for the first time in seven months or since the 4.1 percent in November last year.
The consumer price index (CPI) eased to a four-month low of 3.7 percent in June from 3.9 percent in May. Inflation averaged 3.5 percent in the first half.
If inflation hits the upper end of the BSP’s month-ahead forecast, or at 4.8 percent, it will be the highest in eight months or since the 4.9 percent in October 2023.
“Higher electricity rates along with the increased prices for agricultural commodities like vegetables, meat and fruits along with higher domestic oil prices are the primary sources of upward price pressures for the month,” the BSP said.
Bu hikaye The Philippine Star dergisinin August 01, 2024 sayısından alınmıştır.
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Bu hikaye The Philippine Star dergisinin August 01, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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