INFLATION in August eased to 6.3 percent from 6.4 percent in July, data the Philippine Statistics Authority issued on Tuesday showed.
Although August's inflation rate is above the government's target of 2 to 4 percent, it is within the 5.9 to 6.7 percent range predicted by the Bangko Sentral ng Pilipinas (BSP).
In a press conference, PSA chief Dennis Mapa attributed the decrease to the slower price increase in transport and selected food and beverage.
However, inflation in the National Capital Region (NCR) increased to 5.7 percent in August from 5.1 percent in July.
Mapa attributed the primary sources of acceleration in NCR to restaurants, accommodation services, housing, water, electricity, gas, other fuels, and education services.
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