DowngradedFitch Ratings this week downgraded US debt by a notch. The headline inflation rate decelerated from 5.4 percent in June to 4.7 percent in July. The headline inflation rate reflects items of expenditure that are more volatile. The average inflation rate from January to July is still at an elevated 6.8 percent. The headline inflation rate for the NCR is 5.1 percent while the number is 6.8 percent outside the capital region.

Source: Philippine Star August 04, 2023 22:01 UTC