Philippines Wholesale Price Growth Accelerates in August Driven by Energy Costs and Weak Peso
Economy

Philippines Wholesale Price Growth Accelerates in August Driven by Energy Costs and Weak Peso

Wholesale price growth in the Philippines accelerated to 3.5% in August, primarily driven by rising energy costs amid Middle East tensions and increased import expenses due to a weaker peso. Economists also cited the potential impact of El Niño on food prices.

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