Moody’s Analytics, a research unit that operates independently of Moody’s Investors Service, said Monday Philippine inflation is expected to rise
It said in its Asia Pacific Economic Preview for the week released on Monday Philippine inflation likely accelerated to 4.8 percent. The Philippine Statistics Authority will release the official August 2023 inflation data on Sept. 5.
The BSP said last week the August inflation was driven by higher prices of rice and other agricultural commodities amid weather disturbances, sharp rise in fuel prices and increased transport fares and toll rates.The July inflation was the sixth consecutive month of deceleration in the headline inflation and the lowest since March 2022’s inflation of 4 percent. It was also slower than 6.4 percent registered a year ago.
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