Manila Times Business
BSP projects May inflation at 7.1% to 7.9%
MANILA, Philippines — The country’s headline inflation could reach 7.1 percent to 7.9 percent in May due to upward price pressures from key food commodities and exchange rate movements, the Bangko Sentral ng Pilipinas (BSP) said on Saturday. In a statement, the BSP said the higher prices of rice, vegetables, and meat contributed to the upside risks to inflation during the month. The central bank said that a weaker local currency also added to inflationary pressures. These factors, it
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