BusinessWorld E-paper
September 05, 2022
INFLATION likely held steady in August, but still above the Philippine central bank’s target band for a fifth straight month as lower pump prices and power rates offset higher food costs, a BusinessWorld poll showed.
A BusinessWorld poll of 13 analysts yielded a median estimate of 6.4% for August inflation, well within the 5.9-6.7% forecast of the Bangko Sentral ng Pilipinas (BSP).
