CPI on core inflation

The Central Bank forecasts that economic growth for 2024 will be between 5.7% and 6.2%, driven by increased domestic and external activity, rising household incomes, and investment flows, while budget expenditures have risen by 16% this year. Inflation stood at 10.6% in June, with expectations of a decrease due to falling fruit and vegetable prices, and remittances from abroad are projected to increase by 20-25%. In the U.S., recent inflation figures suggest a potential interest rate cut by the Federal Reserve, although concerns remain about persistent inflation in non-energy services. Inflation in the Philippines is expected to accelerate in July but stay within the central bank's target range of 2-4%, despite potential impacts from recent natural disasters. Meanwhile, in China, calls are growing for increased economic stimulus to boost consumption and maintain an inflation target of 2-3%. These varying inflation rates and growth expectations reveal the complex economic landscape facing different regions globally.