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.
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.
