— Philippine annual inflation PHCPI=ECI slowed to 6.2% in July from the previous month’s 6.4%, due to a slower pace of increase in transport costs, the statistics agency said on Wednesday. The July print brought average inflation in the first seven months of 2026 to 5.0%. Core inflation, which excludes volatile food and energy prices, slowed to 4.2% in July from 4.4% in June. The central bank raised its policy interest rate by 25 basis points in June to keep inflation in check. The central bank next meets on August 27 to review policy.