Philippine inflation eases to 6-month low at 4.1%

Philippine inflation eased to a six-month low of 4.1% in June, down from 4.5% in May.

Despite the slowdown, inflation remains above the central bank's target range of 2-4%. The Bangko Sentral ng Pilipinas (BSP) expects prices for meat and oil to remain elevated, keeping inflation above target in the near term.

The BSP noted that a decline in transport costs contributed to the slower pace of inflation. However, upward risks persist due to rising international commodity prices and potential delays in easing lockdown measures.