MANILA, Philippines – Inflation likely held steady at 6.8 percent in June, as higher electricity prices offset declines in the cost of other key consumer goods, Deutsche Bank said.
“While private transport inflation likely eased further alongside the fall in oil prices, this is likely to be offset by higher electricity rates,” the bank said in a note to clients.
READ: Poll: Inflation may have eased to 6.7% in June
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The projection was slightly higher than the median estimate of 12 economists polled by the Inquirer, which stood at 6.7 percent. Still, both figures were within the Bangko Sentral ng Pilipinas’ (BSP) forecast range of 6 percent to 7 percent for June.FEATURED STORIES
