Tuesday, July 3, 2007

Philippine Inflation Probably Quickened in June as Oil Prices Increased

(Bloomberg) -- Philippine inflation probably
quickened in June from close to the slowest pace in seven years
as oil costs rose. Gains in the peso curbed price increases.

Consumer prices rose 2.5 percent from a year earlier,
according to the median estimate of 14 economists surveyed by
Bloomberg News. Inflation, which was 2.4 percent in May, slowed
for 12 months through March. The National Statistics Office
report is due at 9 a.m. tomorrow in Manila.


Read more at Bloomberg Bonds News

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