Philippines August inflation eases to 6.1% but stays elevated
Philippine CPI rose 6.1% in August year over year, easing slightly from July’s 6.2%. The report cites ongoing price pressures from Middle East conflict, El Nino and wage increases.
By Amanda LeePhilippine inflation eased slightly in August but remained elevated as conflict in the Middle East, El Nino, and wage increases continued to sustain price pressures.The consumer-price index rose 6.1% in August from a year earlier, easing slightly from July's 6.2%, according to data rel…