Philippine Inflation Eases to 6.1% After Successive Rate Hikes
Philippine inflation declined to 6.1% in August, marking the fourth consecutive monthly decrease, though it remains above the central Bank of the Philippines' target range. The moderation was driven by slower increases in utility rates and food prices, suggesting that successive rate hikes by the central bank are beginning to have their intended cooling effect on price pressures.
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Philippine Inflation Eases to 6.1% After Successive Rate Hikes
Philippine inflation declined to 6.1% in August, marking the fourth consecutive monthly decrease, though it remains above the central Bank of the Philippines' target range. The moderation was driven by slower increases in utility rates and food prices, suggesting that successive rate hikes by the central bank are beginning to have their intended cooling effect on price pressures.
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