In terms of prices, respondents anticipate milder inflationary pressures in August 2023 before escalating in November 2023, as indicated by a decrease in the 3-month Price Expectations Index (PEI) to 117.7 from 118.5 and an increase in the 6-month PEI to 123.0 from 121.6.
Price pressures will be alleviated by adequate supply availability and the smooth distribution of goods.(WHY)