The headline inflation soared to 6.1% in June, the highest in more than three years, faster than 5.4% in May and 3.7% in June 2021. The headline figure settled within the Bangko Sentral ng Pilipinas’ 5.7%-6.5% forecast range for the month. It was also the third straight month that inflation went above the central bank’s 2%-4% target range. Inflation among the bottom 30% of income households increased to 5% in June from 4.3% in May. This infographic showed how much each major commodities contributed to the inflation for both groups for the month of June. For all income households, food and non-alcoholic beverages contributed the most with 2.3 percentage points (ppts), followed by the transport basket with 1.6 percentage points (ppts). Similarly in the poor households, food and non-alcoholic beverages remained the major contributor with 2.9 ppts, followed by utilities with 0.9 ppt.
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