Jump to content
Sign in to follow this  

Inflation hits new 9-year high of 6.4% in August

Recommended Posts

Inflation hit a new nine-year high of 6.4 percent in August, the government reported Wednesday.

It was the fastest rate of increase in prices of basic goods and services since the 6.6 percent posted in March 2009.

In a press conference, Budget Secretary Benjamin E. Diokno said the government expects the inflation rate to taper off in the fourth quarter.

By next year, inflation is expected to return to within target, Diokno said.




Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Create New...

Important Information

By using this site, you agree to our Terms of Use.