2 months Inflation slowdown to continue – DoF Manilatimes |Biz
Inflation rate will continue to decelerate in the coming months to hit the lower end of the government’s assumption for the full year average, a senior Department of Finance (DoF) official said. In an interview late last week, Finance Undersecretary Gil Beltran said the DoF is hoping for lower August inflation following the lower 2.4 percent print in July. Beltran stressed that the sustained deceleration in inflation rate would result in a lower full-year 2019 average, which he stressed would be “more on the lower end” of the interagency Development Budget Coordination Committee’s 2.7-3.5 percent assumption.
“It depends ... more