Philippines' June inflation eases to 3.7%

Philippines' inflation eased to 3.7% in June, marking a slowdown after four consecutive months of acceleration and staying within the Bangko Sentral ng Pilipinas (BSP) target range.

The decline was attributed to reduced tariffs on rice imports, though risks such as higher fuel prices and electricity rates continue to pose upside threats to inflation.

Despite the downtrend in June's inflation rate, experts predict that monthly year-on-year inflation could peak in July before trending downwards. The BSP may consider policy easing if these trends persist.