BusinessWorld E-paper
September 6, 2024
INFLATION SLOWED, as expected, to a seven-month low in August due to a moderate rise in food and a decline in transport costs, making the case for the Philippine central bank to deliver more interest rate cuts next quarter to boost economic growth.
Consumer prices rose by 3.3% from 4.4% in July and 5.3% a year earlier, the Philippine Statistics Authority (PSA) said on Thursday.
