00:00The Philippine Statistics Authority reports, inflation softened to 6.2% in July as the relative slowdown in transport costs
00:08helped temper overall price increases.
00:11This is slightly lower than the 6.4% recorded in June.
00:15This also marks the third straight month of easing inflation after the rate hit a three-year high of 7
00:20.2% in April.
00:22Average inflation for January to July stood at 5%, remaining well above the government's target range of 2 to 4%.
00:29Transport was the biggest source of the slowdown, accounting for 57.4% of the decline in the headline rate.
00:36But several major expenses continued to drive inflation higher.
00:40Inflation in housing, water, electricity, gas and other fuels rose to 8.2% from 8.1%, mainly due to
00:49a jump in electricity inflation to 17% from 12.3%.
00:53Electricity inflation was the fastest since March 2023.
00:59Electricity inflation was the highest since an evening
00:59of the day back 35.2% from 8.1%.
00:59asvelasiated for 7.1% to 34.3% to 25.1% of the attack will factor in a
00:59few years and the who is now summarized and less.
Comments