Inflation likely rose to 4-4.8% in July

Inflation likely rose to 4-4.8% in July – BSP

Aug 01, 2024 12:35 am

POWER, fuel and food price hikes likely drove inflation to the upper end of the 2.0- to 4.0-percent target or even higher in July, the Bangko Sentral ng Pilipinas (BSP) said on Wednesday.

Consumer price growth, which has stayed within target since December last year, was estimated to have hit 4.0- to 4.8-percent from 3.7 percent in June.

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