BSP projects June inflation at 1.1%-1.9%

The Bangko Sentral ng Pilipinas (BSP) forecasts that the headline inflation for June could range between 1.1% and 1.9%, which is below the BSP's target band of 2% to 4%.

This projected inflation rate, if realized, would be significantly slower than the 3.7% inflation recorded in June 2024.

Potential upward price pressures are attributed to higher meat and vegetable prices, elevated oil prices, and the depreciation of the Philippine peso.

However, these pressures may have been tempered by lower prices of rice and electricity, as well as falling prices of fish and fruits.

The lower end of the forecast suggests June inflation could be the slowest since October 2019, while the upper end indicates a slight increase from May's 1.3%.

The June inflation data is scheduled to be released by the Philippine Statistics Authority (PSA) on July 4.