Philippine annual inflation slows to 6.2% in July, down from 6.4% in June, the Philippine Statistics Authority says. The pickup in prices is still faster than in earlier periods, but the latest figure shows easing momentum for a third straight month after inflation peaked in April. The PSA attributes the slowdown mainly to a slower rise in transport costs, with softer oil prices helping reduce related costs.
Multiple forecasts align with the outcome. Reuters median expectations cited in reporting were around 6.3%, while a 14-economist poll referenced by Inquirer.net put July inflation at 6.4%. Despite these varying estimates, the July result falls within the Bangko Sentral ng Pilipinas’ forecast band of 5.6% to 6.6% for the month. Sources also note that the inflation trajectory is linked to developments including the Middle East war, which affected prices earlier in the year.
