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Philippine inflation eases for fourth month in May
Philippine inflation eases for fourth month in May
Nation
Philippine inflation eases for fourth month in May
by DZRH News07 June 2023
FILE PHOTO-Onions are displayed at a stall at a public market in Manila, Philippines, January 28, 2023. REUTERS/Lisa Marie David

MANILA (Reuters) - Philippine annual inflation eased for a fourth consecutive month in May due to slower increases in transport, food and non-alcoholic indices, the statistics agency said on Tuesday.

The consumer price index rose 6.1% in May from a year earlier, just below the 6.2% median forecast in a Reuters poll and slower than the 6.6% rate in April.

Core inflation, which strips out volatile food and fuel

items, slowed to 7.7% from April's 7.9%.

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The Bangko Sentral ng Pilipinas projected May inflation to come in at 5.8% to 6.6% range.

(Reporting by Neil Jerome Morales and Enrico Dela Cruz; Editing by Kanupriya Kapoor)

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