7 months June inflation range at 2.2-3% – BSP MB |Biz
By Lee C. Chipongian The Bangko Sentral ng Pilipinas (BSP) said inflation for the month of June could be as low as 2.2 percent from 3.2 percent in the previous month due to a stronger peso and price easing. The BSP Department of Economic Research (DER) forecast range is 2.2 percent to three percent inflation for June. In a statement, it said: “Lower rice and domestic oil prices along with downward adjustment in electricity rates and recent peso appreciation are seen to temper inflation pressure during the month.” The BSP reiterated that it will “remain watchful of the evolving ... more