Easing inflation proof of lower logistics costs – PPA -

Logistics costs in the country have gone down and is now being felt by consumers, and the Philippine Ports Authority (PPA) is hoping to sustain this for the long term.

- Elijah Felice Rosales

In a statement, the PPA said it plans to keep the downward trend in logistics costs to help reduce market prices of basic goods, hoping to emulate what happened in August.

Inflation, or the general increase in commodity prices, slowed to 3.3 percent in August, from 4.4 percent in July, which was the highest for the year.

The Philippine Statistics Authority (PSA) attributed the decline in inflation to the slower annual increase in food prices and reduction in transport rates.

The PSA said transport inflation was cut by 0.2 percent in August, from a spike of 3.6 percent in July.