Inquirer
Poll: Inflation slowed in May
The Bangko Sentral ng Pilipinas (BSP) projects that the inflation rate for May 2025 will be lower, with an estimated range of 0.9 percent to 1.7 percent.
A poll of 13 economists, conducted by the Inquirer, yielded a median estimate of 1.3% for the May consumer price index (CPI), which is within the BSP's forecast.
If the prediction comes to pass, the figure that the Philippine Statistics Authority (PSA) would report on June 5 would be lower than the 1.4 percent CPI reading in April.
The expected decrease in inflation is attributed to a strong peso, which softened oil prices, and falling prices of rice.
However, food prices were mixed, with some leafy vegetables becoming more expensive.
Overall, headline inflation likely remained flat month on month, with risks tilted to the downside.
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Philippine inflation slowed to 1.3% in May, the lowest in nearly six years and within the Bangko Sentral ng Pilipinas' forecast range of 0.9% to 1.7%.
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Philippine shares climbed for a second straight day on Tuesday, with the Philippine Stock Exchange Index (PSEi) rising 0.94% to 6,412.86, driven by broad market optimism ahead of the release of May inflation data.
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Deutsche Bank predicts the Bangko Sentral ng Pilipinas (BSP) will implement two 25-basis point policy rate cuts on June 19 and August 28, bringing the total cuts to 100 bps for the year.
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Chinabank anticipates the Bangko Sentral ng Pilipinas (BSP) will maintain a cautious stance on policy rate adjustments, despite a recent slowdown in inflation.
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