Analysts see July inflation easing within target range

Analysts predict that inflation likely eased to a seven-month low of 4% in July, within the Bangko Sentral ng Pilipinas (BSP) target range.

The BSP projects an inflation rate between 3.9% and 4.7%, with key factors being higher fuel prices, food costs, Meralco electricity rate hikes, and a weaker peso.

In June, inflation was at 4.1%, the slowest since December 2020 but still faster than the 2.7% recorded in July 2020.

The BSP will continue to monitor price developments to ensure balanced economic growth.