World Economy

Philippine Inflation Hits Peak

Philippine Inflation  Hits PeakPhilippine Inflation  Hits Peak

Philippine inflation may have already reached its peak when it hit 4.9% in July and in August but upside risks such as the pending adjustments of power rates remain, Xinhua reported. Bangko Sentral ng Pilipinas (Philippine central bank) Deputy Governor Diwa C. Gunigundo said removing bottlenecks in the country’s supply chain such as the port congestion problem would help temper inflation.