Inflation Falls Further To 4 7 In July 2023

Inflation Falls Further To 4 7 In July 2023 Inflation falls further to 4.7% in july 2023. aug 4, 2023 9:15 am pht. lance spencer yu. info. (1st update) year to date, inflation is at 6.8%, still higher than the philippine government's target. Inflation peaked two years ago at 9.1%, the highest level in four decades. in july, excluding volatile food and energy costs, so called core prices climbed a mild 0.2% from june, after a 0.1% increase the previous month. and compared with a year earlier, core inflation slowed from 3.3% to 3.2% — the lowest level since april 2021.

Mapped 2023 Inflation Forecasts By Country City Roma News Washington (ap) — the federal reserve’s preferred inflation measure on friday provided the latest sign that price pressures are easing, a trend that is expected to fuel further fed interest rate cuts this year and next. prices rose just 0.1% from july to august, the commerce department said, down from the previous month’s 0.2% increase. Compared with a year earlier, inflation fell to 2.2%, down from 2.5% in july and barely above the fed’s 2% inflation target. the cooling of inflation might be eroding former president donald. Inflation data released on wednesday showed a pronounced cooling and offered some of the most hopeful news since the federal reserve began trying to tame rapid price increases 16 months ago. In the year through july, food prices rose 4.9 percent, down from 5.7 percent in june. prices for fruits and vegetables increased 0.4 percent in july, cooling from a 0.8 percent increase in june.