Inflation picks up to 2.7% in July

By Anna Leah E. Gonzales

Aug 06, 2020 12:30 am

This June 1, 2020 file photo shows tricycles waiting for passengers at their terminal on Arayat Street in San Martin de Porres village in Cubao, Quezon City. The Philippine Statistics Authority announced on Aug. 5, 2020 that the country’s headline inflation accelerated to 2.7 percent last month on the back of higher transportation fares, including those of tricycles. PNA PHOTO

The country’s headline inflation accelerated for the second straight month to 2.7 percent in July from 2.5 percent in June on the back of higher transportation fares, the Philippine Statistics Authority (PSA) announced on Wednesday.

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