Philippine headline inflation rate was likely unchanged in August on the back of a stronger peso and lower prices of some food items, analysts polled by The Manila Times said. Security Bank chief economist Robert Dan Roces said inflation likely averaged 2.8 percent during the month. ING Bank Manila senior economist Nicholas Mapa, meanwhile, said inflation likely hit 2.7 percent in August. All other items will likely have subdued price trends given depressed demand due to the economic recession,” said Mapa. “Thus, the relatively slower pace of economic recovery would also still help sustain the relatively benign inflation environment at the moment,” he said.

Source: Manila Times August 30, 2020 16:52 UTC