By Luisa Maria Jacinta C. Jocson, Reporter
HEADLINE INFLATION accelerated to a nine-month high in July, mainly driven by a spike in electricity rates and food costs, data from the Philippine Statistics Authority (PSA) showed.
The consumer price index quickened to 4.4% year on year in July from 3.7% in June, falling within the Bangko Sentral ng Pilipinas’ (BSP) 4%-4.8% forecast.
It was higher than the 4% median estimate in a BusinessWorld poll of 15 analysts conducted last week.
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