[New post] PH Sees An Inflation of 4.9 Percent This August, Highest Rate Since 2018
The Manila Journal Staff posted: " Kamuning Market | IMG SOURCE: abs-cbn news MANILA, Philippines - The country's inflation rate accelerated in August 2021 to 4.9 percent, the state statistics bureau said on Tuesday. The latest print, which was the fastest since December 2018, sett"
MANILA, Philippines - The country's inflation rate accelerated in August 2021 to 4.9 percent, the state statistics bureau said on Tuesday.
The latest print, which was the fastest since December 2018, settled at the upper-end of the Bangko Sentral ng Pilipinas' forecast range of 4.1-4.9% for the month. It marked another month that inflation breached the government's 2-4% annual target after briefly returning within that zone in July.
According to the Philippine Statistics Authority, the reason behind the accelerated inflation this August 2021 is due to the increase in price of food and non-alcoholic beverages which accounts for 77.4% share of the total increase of the inflation rate of the country.
Ang dahilan ng mabilis na antas ng inflation nitong Agosto 2021 ay ang mas mabilis na paggalaw ng presyo ng Food and Non-Alcoholic Beverages na may 6.5% inflation at 77.4% share sa pagtaas ng pangkalahatang inflation sa bansa. #PHCPI#Inflation@mapa_dennis
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