MANILA, Philippines -- Prices of basic goods and services rose at their slowest pace in almost three years in August as the effects of the Duterte administration's anti-inflation measures --- especially the controversial rice tariffication law --- began to take root across the economy. According to the Philippine Statistics Authority, the country's headline inflation rate decelerated further to 1.7 percent last month, marking the lowest consumer price index level since the 1.8 percent recorded in October 2016. "The slowdown of inflation in August 2019 was mainly due to the slower annual increase in the index of the heavily-weighted ...
Keep on reading: PH August inflation nears 3-year low as rice tariffication caps food prices
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