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June 19, 2024

Inflation slows to 5.4% in June, marking a 13-month low

Inflation in the Philippines continued its downward trend for the fifth consecutive month, reaching 5.4% in June, driven by lower transportation and food prices, according to the Philippine Statistics Authority (PSA).

The figure matched the median forecast of economists and marked the lowest recorded inflation in the past 13 months.

The Bangko Sentral ng Pilipinas (BSP) highlighted persistent inflation risks and expressed readiness to adjust monetary policy if necessary, while the government affirmed its commitment to managing inflation and protecting the purchasing power of Filipinos.