Inflation rate accelerates to 2.5 percent in June

(Eagle News)–The country’s inflation rate accelerated to 2.5 percent after four months of deceleration, the Philippine Statistics Authority reported on Tuesday, July 7. According to the PSA, with the development, year-to-date inflation for 2020 stands at 2.5 percent. In May, inflation was at 2.1 percent and in June 2019 at 2.7 percent. The PSA said the acceleration in the June inflation was primarily brought about by the 2.3 percent annual increment recorded in the transport […]