Inflation slows in June but risks remain

by Niña Myka Pauline Arceo - Red Mendoza

Jul 06, 2024 12:17 am

(UPDATE) SLOWER increases in electricity and fuel prices, as well as transport costs, led to a lower inflation rate last month, the Philippine Statistics Authority (PSA) reported on Friday.

Consumer price growth dropped to 3.7 percent in June, snapping four straight months of increases at 3.9 percent in May. The rate is also markedly lower than the 5.4 percent in the same month last year.

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