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Inflation will likely fall to 2.5% this month, an improvement from 3.3% in August, Finance Secretary Ralph Recto said Tuesday.''For September, ang expectation natin is roughly 2.5 , it's a range between 2.1 2.9, the midpoint is roughly 2.5,'' Recto said at a Palace press briefing.Recto expressed confidence that the Philippines would meet the inflation target for September.
The PSA attributed it to slower increases in food and transportation costs.National Economic and Development Authority Secretary Arsenio Balisacan said that the sustained easing of inflation would support growth in household consumption, noting that low-income households will benefit from the decline in food inflation.
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