EconomyForex

BSP sees June annual inflation in 5.3% to 6.1% range

1 Mins read
INDIVIDUALS shop for food items inside a supermarket in Quezon City, Jan. 16. — PHILIPPINE STAR/ MIGUEL DE GUZMAN

Philippine annual inflation in June was expected to come in between 5.3% to 6.1%, with downward pressure coming from lower prices of meat, fruit, and liquefied petroleum gas, the central bank said on Friday.

Higher prices of key food items and an increase of domestic oil prices and electricity rates are the primary sources of upward price pressures, it added.

June inflation data is due to be released on July 5. Inflation eased for the fourth straight month in May, to 6.1%.

The Bangko Sentral ng Pilipinas (BSP) said it will continue to monitor developments affecting the outlook for inflation and growth as it formulates the monetary policy. Its next rate-setting meeting is on Aug. 17. — Reuters

Related posts
EconomyForex

PSEi ends flat as market awaits Fed policy hints

2 Mins read
BW FILE PHOTO PHILIPPINE STOCKS ended flat on Wednesday as investors stayed on the sidelines ahead of a trading break and the…
EconomyForex

‘Game-Changing Insights’: Dealers’ Business Forum ignites passion and purpose among partners

2 Mins read
By Jay Ann Bonghanoy It wasn’t just another seminar. For many dealers in the room, it marked a real turning point. On…
EconomyForex

‘Game-Changing Insights’: Dealers’ Business Forum ignites passion and purpose among partners

2 Mins read
By Jay Ann Bonghanoy It wasn’t just another seminar. For many dealers in the room, it marked a real turning point. On…
Power your team with InHype
[mc4wp_form id="17"]

Add some text to explain benefits of subscripton on your services.

Leave a Reply

Your email address will not be published. Required fields are marked *