MANILA: Year-on-year inflation in the Philippines ended its downtrend in August, accelerating to 5.3 percent from 4.7 percent in July, the Philippine Statistics Authority (PSA) said on Tuesday.“The uptrend in the overall inflation in August 2023 was the higher year-on-year increase in food and non-alcoholic beverages at 8.1 percent from 6.3 percent in July,“ Xinhua quoted PSA head Dennis Mapa as telling a press conference.Specifically, Mapa said the higher prices of rice and vegetables pumped the inflation in food prices. Rice inflation rose by 8.7 percent in August from 4.2 percent in July, while vegetable inflation rose by 31.9 percent from 21.8 percent due to production losses from the en
Hence then, the article about philippine inflation rate quickens to 5 3 in august was published today ( ) and is available onDaily Sun ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Philippine inflation rate quickens to 5.3% in August )