Philippines Inflation Higher at 2.8% in July 2017

Manila | 4th August 2017

Inflation rose 2.8% (yoy) in July from 2.7% in June.  The resulting year-to-date average inflation rate of 3.1 percent was in line with the Government’s target range of 3.0 percent ± 1.0 percentage point for 2017.

” Inflation higher at 2.8% in July 2017, Target at 3.1% “

Governor Nestor A. Espenilla, Jr. said that the latest inflation outturn is consistent with the BSP’s assessment of a manageable inflation outlook over the policy horizon. Looking ahead, the BSP will continue to closely monitor domestic and external developments to ensure that the monetary policy stance remains in line with price and financial stability.

Source: Bangko Sentral ng Pilipinas

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