BSP Projects May Inflation at 7.1% to 7.9% Amid Food, Forex Pressures

The Bangko Sentral ng Pilipinas (BSP) estimates May inflation to be between 7.1% and 7.9%, driven by rising food prices and the depreciation of the peso.

30 May, 04:07 — 30 May, 04:07

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philstarMostly Factual92d ago

BSP projects May inflation at 7.1% to 7.9% amid food, forex pressures

The Bangko Sentral ng Pilipinas said that headline inflation in May could range from 7.1% to 7.9% as higher food prices and peso depreciation continue to weigh on consumer costs.

By Kristine Daguno-Bersamina

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BSP Projects May Inflation at 7.1% to 7.9% Amid Food, Forex Pressures

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BSP projects May inflation at 7.1% to 7.9% amid food, forex pressures

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