BSP: June inflation likely 3.9-4.7%

The Bangko Sentral ng Pilipinas (BSP) expects June's inflation rate to settle between 3.9% and 4.7%, above the central bank’s target range of 2-4%.

Higher electricity rates, elevated oil prices, and a slightly weaker peso contributed to upward price pressures.

However, improved supply conditions led to declines in key food items such as rice, meat, and fruits, partially offsetting these increases.