Poll: Inflation likely stayed at 6.4 pct. in July

INFLATION | INQUIRER PHOTO / RICHARD A. REYES

MANILA, Philippines — Inflation likely held steady in July as higher fuel and electricity costs largely offset lower food prices, keeping price growth well above the central bank’s target and reinforcing expectations that policymakers will keep interest rates elevated.

Consumer prices likely rose 6.4 percent year on year, according to the median estimate of 14 economists surveyed by the Inquirer last week. If accurate, inflation would match June’s pace and remain within the Bangko Sentral ng Pilipinas’ (BSP) projected range of 5.6 percent to 6.6 percent.

READ: BSP sees inflation holding above target in July

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Poll: Inflation likely stayed at 6.4 pct. in July

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