Philippine Inflation Slows to 6.4% in June, Remains Elevated
Philippine annual inflation eased to 6.4% in June from 6.8% in May, but remains at an elevated level, potentially continuing to strain household budgets.
This article requires PRO
This article is outside the free access window or is a special report. PRO unlocks it and the full archive.
Related articles
- Philippines Bank Lending Hits 15-Month High Amid Economic Recovery Signs and Inflation Worries
Philippine bank lending surged 12.1% year-on-year in May, reaching its fastest pace in 15 months, signaling economic recovery but also raising concerns about inflationary pressures.
- ADB Slashes Philippine Economic Growth Forecast Amid Inflation and Delayed Investments
The Asian Development Bank (ADB) has lowered its economic growth forecasts for the Philippines for this year and next, citing subdued consumer spending due to inflation and delayed investments. The inflation outlook has also been revised upwards, raising concerns about its impact on daily life.
- Philippine Stock Market Extends Winning Streak Amid Inflation Slowdown, but Geopolitical Risks Loom
The Philippine stock market maintained its winning streak for the sixth consecutive session, buoyed by a slower inflation rate in June. However, escalating Middle East tensions tempered investor sentiment and limited broader market momentum.
- Easing Inflation Boosts Philippine Stock Market
The Philippine stock market extended its winning streak as inflation eased in June, boosting investor sentiment. While foreign investors were net buyers, trading remained tepid. The PSEi closed higher, driven by improved inflation data.