Philippines Inflation at 4.6% in May 2018

Manila | 6th June 2018

Headline inflation was at 4.6 percent year-on-year in May compared to 4.5 percent in April using the 2012-based Consumer Price Index (CPI) series. The year-to-date average of 4.1 percent is slightly above the high end of the inflation target for 2018 of 2.0 to 4.0 percent.

“Philippines Inflation at 4.5% in April 2018”

As risks to future inflation continue to tilt toward the upside, the Bangko Sentral ng Pilipinas (BSP) expects inflation to remain elevated in 2018 but to decelerate toward the midpoint of the target range in 2019.

Source: Bangko Sentral ng Pilipinas

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