Weak PH demand helps cap June inflation uptick to 2.5%

Weak PH demand helps cap June inflation uptick to 2.5%

MANILA, Philippines — Prices of basic goods and services rose slightly last month – to a level that was within the central bank’s expectations – but any further increases will almost certainly be capped by the lingering weak demand caused by the ongoing coronavirus pandemic. In a statement to the press, Bangko Sentral ng Pilipinas […]