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.
Philippine inflation eased in August but remained elevated, with conflict in the Middle East, El Nino and wage increases still adding to price pressure. The consumer-price index rose 6.1% in August from a year earlier, easing from 6.2% in July, according to data released by the government.