June Inflation Slightly Up to 1.9%

Inflation was at a 14-month high of 1.9 percent in June on higher food and beverage prices. It is the highest since the 2.2 percent posted in April last year, and also faster than the 1.2 percent recorded a year ago and the 1.6 percent last month. The Bangko Sentral ng Pilipinas (BSP, Philippine central bank) had earlier slightly cut its inflation forecast for the year to 2 percent from 2.1 percent because of the…

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