MANILA — Philippine annual inflation moderated to 0.9% in July from the previous month’s 1.4% rate, helped by a slower rise in utility costs, the statistics agency said on Tuesday.
The headline rate was the lowest reading since October 2019.
Economists in a Reuters poll had expected an annual inflation rate of 1.1%, within the central bank’s forecast range of 0.5% to 1.3% for the month.
The annual core inflation rate, which strips out volatile food and energy prices, was 2.3% in July.
—Reporting by Mikhail Flores and Karen Lema; Editing by John Mair
