Inflation likely hit 5% in August – DBS

Philippine headline inflation could have reached 5 percent in August as pressures on the supply side continued, Singapore banking giant DBS said in a research report released on the eve of the scheduled government announcement of the official inflation data.

“CPI [consumer price index] inflation is likely to have accelerated to 5 percent in August. If so, this will be the first time it crossed the 5 percent mark since late-2011,” DBS said.