MANILA  -Inflation in the Philippines slowed further in July to 4.7 percent, and averaged 6.8 percent since January, according to the Philippine Statistics Authority. The result for June is within the forecast range of the Bangko Sentral ng Pilipinas, which was 4.1 percent to 4.9 percent. National Statistician Dennis Mapa said the continued slowdown of headline inflation was mainly due to slower increases in prices electricity, home rentals, and liquefied petroleum gas; meat, fish and other seafoods; and sugar, confectionery and desserts; as well as road transport and air fares.

https://business.inquirer.net/413991/philippine-inflation-eased-further-to-4-7-in-july

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