Philippines: Inflation plunges to lowest level since December 2020 in July
Consumer prices rose a seasonally-adjusted 0.39% from the previous month in July, picking up from the 0.08% increase logged in June.
Inflation came in at 4.0% in July, down from June’s 4.1%. July’s reading marked the lowest inflation rate since December 2020. Meanwhile, the trend pointed up slightly, with annual average inflation coming in at 3.7% in July (June: 3.6%). Core inflation edged down to 2.9% in July, from the previous month’s 3.0%.