INFLATION likely eased further to below 2 percent last month on the back of lower rice, fuel and power prices, according to analysts polled by The Manila Times.

Results of the survey showed projections of consumer price growth for August ranged from 1.7 percent to 1.9 percent with a 1.8 percent average, down from 2.4 percent in July and 5.7 percent a year ago.

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