Philippines' inflation rate rises to 1.4% in June
In June, the Philippines' inflation rate increased slightly to 1.4%, up from 1.3% in May. The rise was driven by higher housing and transport costs, while food inflation eased at the national level.
The Philippines' headline inflation increased to 1.4 per cent in June, up from 1.3 per cent in May, according to the Philippine Statistics Authority (PSA). The national average inflation rate from January to June 2025 was 1.8 per cent. The rise was mainly due to higher year-on-year increases in housing, water, electricity, gas, and other fuels. Transport costs also saw a slower decline. Food inflation at the national level eased to 0.1 per cent in June, with rice experiencing a steeper deflation. Government measures to stabilize food supply and improve logistics helped ease food inflation. However, vigilance is needed against possible external and domestic risks that could impact price stability.
According to the source: thestar.com.my.
What's Your Reaction?
Like
0
Dislike
0
Love
0
Funny
0
Angry
0
Sad
0
Wow
0
