July inflation likely stayed at 6.1% – analysts

A COMBINATION of upward and downward price pressures likely kept the headline inflation rate in the Philippines at 6.1 percent in July of this year, analysts surveyed by The Manila Times estimated.

Citing fare hike, weaker peso, higher food prices, and lower fuel and energy rates, economists from Union Bank of the Philippines (UnionBank), HSBC, Rizal Commercial Banking Corp. (RCBC), DBS, University of Asia and the Pacific (UA&P), Security Bank Corp., Standard Chartered Bank and China Banking Corp. provided a 5.8- to 6.6-percent forecast range for the increase in consumer prices last month.