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Ju​​ly CPI On Tap, Further Moderation Expected

PHILIPPINES

In the Philippines, July CPI is on tap shortly. The market expected headline y/y CPI to move back to 4.9%, from 5.4% in June. The range of estimates is 4.5% to 5.2%. Note the BSP range for the July print is slightly lower at 4.1%-4.9%.

  • Next week delivers June trade data on Tuesday, followed by Q2 GDP on Thursday.
  • Note the next BSP decision the 17th of August.

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