Inflation slows to 6.1%, stays well above target

The Manila Times 14 h Philippines

INFLATION eased to 6.1 percent in August from 6.2 percent a month earlier amid slower increases in food, housing, utility and energy costs, the Philippine Statistics Authority (PSA) reported on Friday. Consumer price growth has now slowed for four straight months, but the rate remains well above the Bangko Sentral ng Pilipinas’ (BSP) 2.0- to 4.0-percent target. The August result fell within

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