Inflation seen easing to 2.3% in July – economist

INFLATION likely decelerated further to 2.3 percent in July from 2.7 percent the month before on the back of lower food and oil prices, according to an economist.

In a report over the weekend, Security Bank Corp. chief economist Robert Dan Roces said “[d]omestic prices of basic goods and services are expected to have felt the benefits of a strong peso throughout the month, which made imported raw materials cheaper to buy.”