5 months June inflation likely between 2.2-3.0% Manilatimes |Biz
INFLATION likely eased to between 2.2 and 3.0 percent this month, the Bangko Sentral ng Pilipinas (BSP) reported on Friday. In a statement, the central bank said its Department of Economic Research projected consumer price growth “to settle within” the said range in June, lower than the 5.2 percent posted a year ago. Headline inflation rose to a two-month high of 3.2 percent in May from 3.0 percent in April.Advertisements
The Philippine Statistics Authority (PSA) is set to release official June inflation data on July 5. The BSP said “lower rice and domestic oil prices, along with [the] ... more