Inflation remained painfully high in July, keeping the pressure on the Bangko Sentral ng Pilipinas to stay hawkish as rising prices squeeze Filipino households’ budgets. Inflation, as measured by the Consumer Price Index (CPI), accelerated 6.4% year-on-year in July, faster than 6.1% recorded in June, the Philippine Statistics Authority reported Friday. It matched the upper-limit of … Continue reading Inflation sizzles to 6.4% in July, putting pressure on households