7 months June inflation seen easing below 3% Manilatimes |Biz
INFLATION likely eased to below 3 percent in June after registering a slight uptick in May, according to analysts polled by The Manila Times. Forecasts on the rate of the increase in the prices of goods and services for the month ranged from 2.6 to 3.0 percent with a 2.9-percent average, lower than the 3.2 percent posted in May and 5.2 percent 12 months ago. The Bangko Sentral ng Pilipinas (BSP) earlier projected inflation to hit between 2.2 and 3.0 percent.Advertisements
The Philippine Statistics Authority will release official June inflation data on July 5. Analysts from Moody’s Analytics ... more