Inflation tops target, hits 9-mo high of 4.4%

Aug 07, 2024 12:45 am

(UPDATES) INFLATION hit a nine-month high in July, the Philippine Statistics Authority (PSA) reported on Tuesday, breaching the 2.0- to 4.0-percent target as utility, housing, fuel and food prices rose.

At 4.4 percent, consumer price growth was the highest since October 2023's 4.9 percent. It accelerated from 3.7 percent in June but was slower than the year-earlier 4.7 percent.

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