Inflation halts decline, rises to 5.3% in August

Sep 06, 2023 12:47 am

(UPDATE) INFLATION snapped a downtrend in August following a sharp rise in food and transport costs, the Philippine Statistics Authority (PSA) reported on Tuesday.

At 5.3 percent, August inflation rose from July's 4.7 percent and was also higher than the 4.9-percent consensus in a Manila Times poll of economists.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

OFW remittances hit $3.34B

Powell says no need to rush rate cuts

Auto sales up 1.2% despite Kristine's operational impact

China's latest data shows soft economic underbelly

Financial sector resources rise to P33T as of end-Sept

Construction material prices edge up in Oct

Alliance Global posts steady 9-month profit