Philippine consumer price inflation eased for the sixth straight month in August, figures from the National Statistical Office showed Friday.
The consumer price index rose 0.6 percent year-over-year in August, slower than previous month's 0.8 percent increase.
Excluding selected food and energy item, core inflation eased to 1.6 percent in August from 1.9 percent in July.
Prices of food and non-alcoholic beverages grew 1.2 percent annually in August and that for clothing and footwear climbed by 2.3 percent. Meanwhile, utility costs and transport costs decreased by 1.7 percent and 0.6 percent, respectively.
Month-on-month, consumer prices edged up a stable pace of 0.1 percent in August.
In a separate report, the statistical office announced that producer prices slid 6.4 percent in July from a year ago, following a 6.3 percent decline in the prior month. Prices have been falling since October 2014.
The annual decline in July was largely caused by a 25.5 percent sharp fall in prices of petroleum products. Electrical machinery prices slipped 16.9 percent and that for wood and wood products slumped by 19.5 percent.
On a monthly basis, producer prices dropped 0.5 percent in July, reversing a 0.3 percent rise in June.
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