Poll: Inflation may have hit fresh 5.4-5.8% high in July

INFLATION likely accelerated further in July based on a Manila Times poll of economists, whose forecasts for the month ranged from 5.4-5.8 percent with a 5.5 percent average.

Consumer price growth has topped the Bangko Sentral ng Pilipinas’ (BSP) 2.0-4.0 target since March — hitting 5.2 percent in June — and prompted monetary authorities to order two successive policy rate hikes.