LOWER FOOD PRICES SLOW DOWN INFLATION IN AUGUST 2016

Inflation in August 2016 slowed to 1.8 percent from 1.9 percent in the previous month, due to slower adjustments in food prices, according to the National Economic and Development Authority (NEDA). “The relatively low and manageable inflation environment during the first eight months of 2016 is expected to continue for the rest of the year continue reading : LOWER FOOD PRICES SLOW DOWN INFLATION IN AUGUST 2016