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The Philippines’ inflation rate accelerated in June, snapping a four-month down streak, on the back of a faster increase in utility costs during the period, according to the Philippine Statistics Authority.At a press conference in Quezon City on Friday, National Statistician and PSA chief Claire Dennis Mapa reported that last June’s inflation print —which measures the rate of growth in consumer goods and services costs— moved up slightly to 1.4% from 1.3% in May.
9% Oils and fats - 7.1% from 5.8% Fruits and nuts - 9.7% from 8.3%“The sharp decline in food inflation over the past year underscores the continued progress in our coordinated efforts to boost local production, improve logistics, and implement calibrated trade and biosecurity measures.
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