Inflation drops to 3.3%

Sep 06, 2024 12:20 am

INFLATION returned to the 2.0- to 4.0-percent target in August, settling at 3.3 percent after spiking to 4.4 percent a month earlier.

The result was within the Bangko Sentral ng Pilipinas' (BSP) 3.2- to 4.0-percent estimate but was lower than the 3.7-percent median in a Manila Times poll of economists.

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