BSP sees May inflation at 7.1%-7.9% on food, peso pressures

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) said Saturday that headline inflation in May could settle between 7.1 percent and 7.9 percent, driven by higher prices of key food commodities and the depreciation of the peso. In a month-ahead inflation forecast, the central bank said rising prices of rice, vegetables, and meat were among the main sources of upward pressure on consumer prices during the month. A weaker local currency also contributed to inflationary risks. “The BSP projects May 2026 inflation to settle within the range of 7.1 to 7.9 percent. Upside price pressures were driven by rising […]... Keep on reading: BSP sees May inflation at 7.1%-7.9% on food, peso pressures

Original source: Philippine Daily Inquirer