Philippines Inflation Accelerates 6.1 Pct In June
Umer Jamshaid Published July 05, 2022 | 01:00 PM
MANILA, Jul 5 (UrduPoint / Pakistan Point News - 5th Jul, 2022 ) :The year-on-year inflation in the Philippines accelerated to 6.1 percent in June from 5.4 percent in May, mainly due to higher prices in food and non-alcohol beverages and transport, the Philippine Statistics Authority (PSA) said on Tuesday.
PSA head Dennis Mapa said the June inflation was the highest recorded since October 2018. The average inflation for the first half of this year stood at 4.4 percent.
The acceleration of inflation rate was primarily due to the higher annual growths in the food and non-alcohol beverages index at 6.
0 percent, and transport index at 17.1 percent, Mapa said.
Mapa said the national food inflation rose further to 6.4 percent in June. The higher annual growth in the meat and other parts of land animals index at 8.1 percent primarily contributed to the elevated food inflation.
"Also contributing to the uptrend in the food inflation were the fruits and nuts food group, which registered an inflation rate of 1.1 percent, from -2.4 percent in the previous month," he added.
Recent Stories
ICC Womens T20 World Cup Qualifier, Match 2: Ireland Women open with Comfortable ..
Robinson, bowlers help New Zealand go 2-1 up against Pakistan
Shahzeb Chachar to hold khuli kachehri on April 26
Heatwave amid Israel's aggression in Gaza brings new misery, disease risk
Tourism must change, mayor says as Venice launches entry fee
Court adjourns Judicial Complex attack case till May 17
Nasreen Noori’s book ‘Popatan Jahra Khwab’ launched
Wafaqi Mohtasib inspection team visits Excise and taxation office
AJLAC announces 5th Conference titled ‘People’s Mandate: Safeguarding Civil ..
Pak-US officials engage to enhance trade, investment ties
IBCC to promote educational excellence, expand regional presence
Pakistani 'Blue Helmets' serving UN Peacekeeping Mission in DR Congo set to leav ..
More Stories From Miscellaneous
-
PDMA predicts gusty wind, rain with thunder, hails
2 days ago -
Iranian president Raisi given guard of honour at PM House
4 days ago -
Intellectuals, writers accolades Naseer Mirza on his literary contribution
4 days ago -
Bahawalpur Adabi Sangat hosts memorable mushaira
5 days ago -
Cattle farming vital to alleviate poverty in rural areas
5 days ago -
Pakistan: A land of tourism, archeological wonders
5 days ago
-
Transforming education sector: from job hunters to job creators
7 days ago -
Amjad Bobby remembered on 19th death anniversary for timeless contributions to music
11 days ago -
Legendary actor Nadeem’s 26 films released on Eid-ul-Fitr days in 50 years
12 days ago -
Besant Hall Cultural Centre to celebrate evening with Sanam Marvi on 26 April
12 days ago -
Radio Bahawalpur presents program “Eidi Shidi”
15 days ago -
Radio Bahawalpur to broadcast Eid programs
17 days ago