Poll: Inflation may have eased to 6.7% in June

Inflation. Inquirer file photo

MANILA, Philippines – Inflation likely eased in June as lower food and fuel prices helped offset higher electricity costs, though consumer price growth probably remained above the central bank’s target, reinforcing expectations that policymakers will keep a tight grip on monetary policy.

Consumer prices likely rose 6.7 percent from a year earlier, according to the median estimate of 12 economists surveyed by the Inquirer. If confirmed, the figure the Philippine Statistics Authority is due to release on July 7 would mark a modest slowdown from May’s 6.8-percent pace and fall within the Bangko Sentral ng Pilipinas’ (BSP) forecast range of 6 percent to 7 percent.

READ: BSP: Inflation likely eased in June to 6-7%

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