Philippines’s Inflation Slows to 5.4 Percent in June 

Annual inflation in the Philippines eased for a fifth straight month in June, supporting expectations the central bank will keep rates unchanged for longer as food and transport cost pressures ease. <br />The statistics agency says the consumer price index rose by 5.4 per cent in June and its slowest pace since April last year. <br />The central bank, however, noted inflation risks remained tilted to the upside due to the potential effects of the El Nino dry weather conditions and wage increases. <br />The Bangko Sentral ng Pilipinas says the slower pace of price increases was consistent with its expectation inflation will gradually return to its 2-4 per cent target in the fourth quarter barring sudden supply shocks.<br /><br />This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at <a href="https://www.spreaker.com/show/4166630/advertisement">https://www.spreaker.com/show/4166630/advertisement</a>