Philippine June inflation seen steady at 3.9%

Analysts predict that June 2024's headline inflation in the Philippines will likely remain steady at 3.9%, within the Bangko Sentral ng Pilipinas' (BSP) target of 2-4%.

Key factors influencing this projection include stabilized rice prices, lower electricity rates due to a staggered collection of charges by energy authorities, and a reduction in tariffs on imported rice.

However, potential risks such as higher agricultural commodity costs and currency depreciation could contribute to upward pressure on inflation.