Slower inflation seen to continue in May — BSP

The Bangko Sentral ng Pilipinas (BSP) expects the inflation rate to maintain its downward trend in May.

In a statement on Wednesday, the BSP said inflation rate may settle within the range of 5.8% to 6.6%.The drop in prices of fuel, poultry, fish, and power could lead to lower inflation, it added.

Meanwhile, higher prices of rice, vegetables, as well as other food items, and increase in liquefied petroleum during the month can put price pressures. “Going forward, BSP will continue to monitor developments affecting the outlook for inflation and growth in line with its data-dependent approach to monetary policy formulation,” the BSP said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CNN Philippines /  🏆 13. in PH

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BSP sees May inflation slowing to 5.8-6.6%INFLATION could slow further in May due to lower fuel, electricity, fish, and poultry prices, the Bangko Sentral ng Pilipinas (BSP) said on Wednesday. READ HERE:
Read more »

Inflation to fall within target by Q4 2023 – Bangko Sentral chiefInflation is slowing down as the month-on-month rate has been near zero since January, according to Bangko Sentral ng Pilipinas Governor Felipe Medalla.
Read more »

Searca, BSP convene experts, partners for sustainable agri-food systems in SEA | BusinessMirrorMore than 100 experts and partners working in the agri-food sector gathered in a Roundtable Discussion Series on Sustainable Food and Agriculture Systems in Southeast Asia, jointly organized by the Southeast Asian Regional Center for Graduate Study and Research in Agriculture (Searca) and the Bangko Sentral ng Pilipinas (BSP), a…
Read more »

BSP sees inflation within target range by September | Jasper Y. ArcalasTHE Bangko Sentral ng Pilipinas (BSP) expects the country’s headline inflation to be within its target range as early as September, as the increase in prices of goods and services continues to ease. “Our forecast is that by September or October, the headline inflation on a year-on-year basis will be…
Read more »

PH external debt service jumps 210%The country’s debt service burden increased by 210 percent to $2.14 billion for the first two months of 2023 compared to only $691 million same time last year, based on Bangko Sentral ng Pilipinas (BSP) data. ManilaBulletin
Read more »