Poll: August inflation seen cooling to 6.1%

In this file photo, vegetable vendors arrange fresh produce in Commonwealth Market in Quezon City. INQUIRER FILE PHOTO / GRIG C. MONTEGRANDE

MANILA, Philippines — Inflation may have eased in August but likely remained above the central bank’s target, as monsoon rains that damaged crops put pressure on food prices and offset a modest decline in transport costs.

Consumer prices may have risen 6.1 percent from a year earlier, according to the median estimate of 13 economists polled by the Inquirer.

READ: Aug inflation seen hitting as high as 6.5%

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