Easing of inflation to continue

By Philippine News Agency

Aug 20, 2023 12:16 am

HEADLINE inflation will likely continue to decelerate in the coming months and might settle within the government's 2- to 4-percent target as early as this month, an economist said on Friday.

'Headline inflation [is] still expected to ease year on year for the coming months due to higher denominator effect,' Michael Ricafort, senior economist at Rizal Commercial Banking Corp., said in an interview with the Philippine News Agency.

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