According to Jinshi Data, HSBC economist Dakane said that the cooling of inflation in the Philippines may be short-lived, and he still believes that the Philippine central bank will only cut interest rates again in December. The overall CPI fell back into the target range of the Philippine central bank in August. Lower-than-expected inflation may pose a downside risk to the view of a gradual easing cycle, but last month's data was mainly due to the normalization of food prices after the supply shock caused by the typhoon. With another typhoon hitting the Philippines this week, the supply shock is approaching again.