INQUIRER.net FILE PHOTO

MANILA, Philippines – Philippine inflation likely slowed further in June, aided by a decline in oil prices, but is still expected to remain above the Bangko Sentral ng Pilipinas’ (BSP) target range.

The central bank said in a statement that inflation likely settled between 6 percent and 7 percent last month.

READ: Nomura: PH inflation seen falling faster on lower oil prices

Article continues after this advertisement