Aug inflation seen hitting as high as 6.5%

INQ FILE/STOCK PHOTOS

MANILA, Philippines — The onslaught of monsoon rains and persistently high oil prices likely kept Philippine inflation above the central bank’s target in August, reinforcing the need for policymakers to maintain a hawkish stance as they seek to rein in price hikes.

The Bangko Sentral ng Pilipinas estimated on Friday that inflation, as measured by the consumer price index, likely ranged from 5.5 percent to 6.5 percent this month.

READ: PH inflation seen staying above 6% in 2026

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Aug inflation seen hitting as high as 6.5%

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