The year-on-year headline inflation rate continued to go down to 0.6 percent in August, from 0.8 percent in July.

As noted in the press release of the PSA-NSO, the decline was still due to decreases in the indices of housing, water, electricity, gas and other fuels and transport. Annual increments also decelerated in all the other commodity groups except in the indices of communication; education; and restaurant and miscellaneous goods and services. Likewise, the core inflation rate further declined to 1.6 percent in August, from 1.9 percent in July. Source: Philippine Statistics Authority - National Statistics Office (PSA-NSO)
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