Inflation further slows to 4 percent in July

(Eagle News) — Inflation eased to 4 percent in July, the Philippine Statistics Authority reported on Thursday, Aug. 5. According to the PSA, this was less than the 4.1 percent inflation rate recorded in June 2021, and brought the country’s year-to-date inflation from January to July 2021 at 4.4 percent. In July 2020, inflation was at 2.7 percent. According to the PSA, the downward trend was attributed to the lower annual increment registered in the transport […]