The Philippines' consumer price inflation eased further in July to the lowest level in more than a year, largely driven by a fall in transport costs, data from the Philippine Statistical Authority showed on Friday.
The consumer price index, or CPI, climbed 4.7 percent year-over-year in July, slower than the 5.4 percent rise in June. Meanwhile, economists had forecast inflation to ease to 5.0 percent.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.