PSEi down on July inflation figures

By Ed Paolo Salting

Aug 06, 2022 12:24 am

THE Philippine Stock Exchange index dropped by 77.61 points, or 1.2 percent, on Friday to close the week at 6,405.50.

Philstocks Financial Inc. research associate Claire Alviar, Regina Capital Development Corp. Managing Director Luis Limlingan and Rizal Commercial Banking Corp. chief economist Michael Ricafort said this comes after July's consumer price index quickened to 6.4 percent, which was at the upper end of the central bank's forecast and higher than June's 6.1 percent.

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