Headline inflation in the Philippines likely eased further in May, with the Bangko Sentral ng Pilipinas (BSP) projecting it between 0.9 and 1.7 percent, driven by improving supply conditions and lower energy costs.
The easing was attributed to falling prices of rice and fish, lower oil prices, electricity rates, and a stronger peso, though rising prices of vegetables and meat partially offset these gains.
The May inflation figure will mark the third consecutive month below the BSP’s 2-4 percent target range, with official data due on June 5.
Economists expect inflation to remain subdued in the coming months, supporting potential further interest rate cuts by the BSP.
The central bank emphasized its commitment to price stability while fostering economic growth amid ongoing global trade challenges.
Source: PhilNews24 | June 2, 2025
MAY DATA SHOWS POSSIBLE CONTINUED SLOWDOWN IN INFLATION
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