By Katherine K. Chan, Reporter
PHILIPPINE headline inflation likely held steady in July as lower food prices, particularly rice, offset higher fuel and electricity costs, analysts said.
A BusinessWorld poll of 21 analysts and economists yielded a median forecast of 6.4% for July inflation, the same as in June but sharply higher than the 0.9% recorded a year earlier.
This would make July the fifth month in a row that the headline inflation breached the central bank’s 4% ceiling.
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