Thursday 16 August 2018
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27 days ago

ADB sees PH’s 2018 inflation hitting 6-yr high

The Asian Development Bank sees consumer prices in the country to remain elevated for the rest of the year and projects annual inflation to hit at least a six-year high of 4.3 percent. In its Asian Development Outlook Supplement July 2018 report, which was released yesterday, the Manila-based multilateral lender raised its 2018 inflation outlook for the Philippines from 4 percent in a similar report in April. To compare, inflation averaged 2.9 percent last year, 1.3 percent in 2016, 0.7 percent in 2015, 3

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