Inflation up 3.9% in May driven by housing, water, electricity, gas and other fuels--PSA

The rise in commodity prices increased in May 2024, according to the Philippine Statistics Authority (PSA). Data showed inflation increased 3.9 percent in May 2024. This was faster than the 3.8 percent in April 2024 but slower than the 6.1 percent in May 2023.

The rise in commodity prices increased in May 2024, according to the Philippine Statistics Authority .

The inflation rate in May 2024 was within the inflation expectations of the Bangko Sentral ng Pilipinas at 3.7 to 4.5 percent. The increase in the housing, water, electricity, gas and other fuels increased 0.9 percent on the back of higher electricity prices and liquefied petroleum gas.

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