Inflation seen staying at 6% in Q3 before easing

The rate of increase in the prices of basic goods might remain at about 6 percent in the third quarter of 2022, but is expected to ease during the remainder of the year as an expected slowdown of the global economy could push down oil prices, according to First Metro Investment Corp. and University of Asia and the Pacific (UA&P).

“The United States will likely fall into shallow recession while China eked out a slim 0.4-percent gross domestic product growth in the second quarter of 2022, bolstering this view on crude oil prices,” First Metro and UA&P said in their latest market report.

Further, they expect the Philippine peso to enjoy a temporary respite at the foreign excha…

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