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The Philippines’ inflation rate eased in August, after an acceleration seen in the prior month, due to slower increases in food and transportation cost during the period, the Philippines Statistics Authority reported on Thursday.At a press conference, National Statistician and PSA chief Claire Dennis Mapa said that inflation —which measures the rate of increase in the prices of goods and services— decelerated to 3.3% last month, slower than the 4.4% rate in July.
Most importantly, the appetite for business expansion will improve as consumer spending increases," added Balisacan.Core inflation, which excludes volatile food and energy items, also decelerated to 2.6% from 2.9% in the prior month.NCR and beyondSimilar to the national trend, inflation in Metro Manila eased to 2.3% from 3.7% month-on-month due to slower increments in the indices of food and non-alcoholic beverages and transport .
August Inflation Ph Economy PSA
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