MANILA – Inflation will likely slow in May from the previous month due to lower food prices, giving space for monetary authorities to prop up economic growth, the finance department said Monday.
The consumer price index likely rose 3.2 percent in May from 3.4 percent in April, as food inflation likely slowed to 3.8 percent from 4.2 percent, Finance undersecretary Gil Beltran said in an economic bulletin.
The Bangko Sentral ng Pilipinas said last week it expected inflation in May to come in between 2.9 percent to 3.7 percent. Official numbers are due out on
A fish vendor at the Iloilo City Terminal Market looks after his stall after removing scales from the milkfish he’s selling.