Phl inflation rate accelerates to 6.1% in June 2022

August 2, 2022 0 Comments

The Philippine Statistics Authority (PSA) on Tuesday said that the country’s inflation rate has accelerated to 6.1 percent in June 2022.,“The Philippines’ annual headline inflation continued to move at a faster pace of 6.1 percent in June 2022,” the PSA said.,According to the PSA, this is the highest recorded inflation since October 2018.,Inflation in the previous month stood at 5.4 percent and 3.7 percent in June 2021.,Average inflation for the first half of the year was posted at 4.4 percent.,“The uptrend of inflation for June 2022 was primarily brought about by the higher annual growth rate in the index for food and non-alcoholic beverages at 6.0 percent, from 4.9 percent in the previous month,” according to the PSA.