Lingering effects of El Niño push up inflation in June 2016

Inflation in June 2016 rose to 1.9 percent from 1.6 percent in the previous month due to increases in food and non-food prices, according to the National Economic and Development Authority (NEDA). This is within the Bangko Sentral ng Pilipinas’ forecast of 1.5-2.4 percent for June 2016 and the median market expectation of 1.9 percent. continue reading : Lingering effects of El Niño push up inflation in June 2016