Food, drinks price hikes contribute to higher June inflation rate
(PNA photo by Ben Briones) MANILA - The Philippine Statistics Authority (PSA) is pointing at the quick increase in prices of food and non-alcoholic beverages, which was at 6.0 percent in June from 4.9 percent in May, as the main reason for the increase in inflation rate. PSA reported on Tuesday that the country's annual headline inflation rose to 6.1 percent in June 2022, the highest since October 2018 and averaged at 4.4 percent since January 2022. Undersecretary Dennis Mapa, National Statistician and Civil Registrar General, said the rise was also due to the rapid increase in prices of m...
Source: philippinetimes.com
