Annual CPI falls in July after the federal government’s energy subsidy cut electricity bills by 5%
Inflation has fallen to its lowest level since March, pulled down by a 5% cut to electricity prices as billions of dollars in government rebates kicked in.
That compared with the 3.8% pace recorded for the month of June, and the 3.4% rate expected for July by economists. Reserve Bank governor Michele Bullock warned earlier in August that inflation remained “too high” and was falling too slowly to justify a rate cut by the end of the year.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Before the Bell: Wall Street edges higher as July’s CPI report awaitedAll three US benchmarks were modestly up in afternoon trade. Gold, oil and iron ore advance. US 10-year bond yield retreats. Bitcoin steadies.
Read more »
澳洲6月份季度CPI上涨1.0% 住房与食品支出为主要推动因素据澳大利亚统计局最新数据，消费者价格指数（CPI）在2024年6月份季度上涨1.0%，年增长率为3.8%。
Read more »
CPI figures: inflation stays sticky, but it won’t force RBA rate riseThe consumer price figures were not as bad as feared, but inflation remains persistent and higher-for-longer interest rates will be required.
Read more »
Swedish hunters kill more than 150 brown bears in first days of annual cullCampaigners denounce ‘pure slaughter’, which could threaten survival of entire Scandinavian population
Read more »
Sweden to kill 20% of its brown bears in annual huntConservationists say the number of hunting licences granted is too high and condemn it as ‘pure trophy hunting’
Read more »
Black journalists respond to ‘disastrous’ Trump panel at annual conventionMany expressed frustration with National Association of Black Journalists for inviting ex-president ‘into our home’
Read more »