BusinessWorld E-paper
July 06, 2022
INFLATION climbed to its highest level in nearly four years in June, further eroding the purchasing value of the peso to a record low, the Philippine Statistics Authority (PSA) said on Tuesday.
Preliminary data from the Philippine Statistics Authority (PSA) showed the consumer price
index (CPI) accelerated to 6.1% year on year in June, exceeding the Bangko Sentral ng Pilipinas’ (BSP) 2-4% official target range for a third straight month. This was faster than the 5.4% in May and 3.7% a year ago.
