Inflation accelerates to 4.9 percent in August

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(Eagle News) — Inflation accelerated to 4.9 percent in August, the Philippine Statistics Authority reported on Tuesday, Sept. 7. According to the PSA, this was the highest inflation reported since January 2019. In July, inflation was pegged at 4.0 percent. According to the PSA, the uptrend in the country’s inflation was brought about by the higher annual increment in the index of the heavily-weighted food and non-alcoholic beverages. From from 4.9 percent in July 2021, […]