September 04, 2013

August inflation seen at 2.7%

August inflation data is set to be released on Thursday. Inflation is expected to have risen slightly to 2.7 percent in August due to the peso’s depreciation and possible supply disruptions following the recent typhoon and monsoon rains. The level is faster than July’s 2.5 percent.

Inflation already averaged 2.9 percent in the seven months to July, below the central bank’s full-year target range of 3 to 5 percent. - WealthSec