Manila 5th August : The year-to-year rate of inflation in the Philippines has risen to 6.4 percent in July the highest rate since October in October, the Philippine Statistics Authority (PSA) announced on Friday.PSA director Dennis Mapa told reporters that the July inflation was mostly due to the higher cost in food and non-alcoholic drinks and transportation, reports Xinhua news agency.
He said that the country’s average inflation in the first seven months of this year was 4.7 percent.
Mapa claimed that the main cause of the trend upward was the higher rate of growth in the index that measures non-alcoholic and food items at 6.9 per cent.
The index for transport increased by 18.1 percent.
He stated that the more yearly increases in the cost of alcohol and tobacco 8.5 percent; footwear and clothing, 2.5 per cent; and furniture, household appliances as well as routine maintenance for the household, 3.1 per cent, also contributed to the July inflation.
