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Philippines inflation slows to 1.3% in May, BSP sees stability ahead
Philippines’ headline inflation eased to 1.3 per cent YoY in May from 1.4 per cent in April, within the 0.9–1.7 per cent forecast range. Year-to-date inflation averaged 1.9 per cent, below the 2–4 per cent target. MoM inflation rose to 0.2 per cent from -0.1 per cent. Core inflation held steady at 2.2 per cent. Softer non-food prices, lower electricity rates, and fuel rollbacks drove the slowdown.
Philippines’ headline inflation eased to 1.3 per cent YoY in May from 1.4 per cent in April, within the 0.9–1.7 per cent forecast range.
Year-to-date inflation averaged 1.9 per cent, below the 2–4 per cent target.
MoM inflation rose to 0.2 per cent from -0.1 per cent.
Core inflation held steady at 2.2 per cent.
Softer non-food prices, lower electricity rates, and fuel rollbacks drove the slowdown.
