BusinessWorld E-paper
August 01, 2023
HEADLINE INFLATION likely settled within the 4.1% to 4.9% range in July due to lower electricity rates, rollback in cooking gas prices, and a stronger peso,
the Bangko Sentral ng Pilipinas (BSP) said.
“Lower electricity rates, declines in the prices of meat, fruits, and fish items, the rollback in LPG prices, and the peso appreciation could contribute to downward price pressures during the month,” the central bank said in a statement on Monday.
