‘Inflation likely to dip below 3% in May’

By Anna Leah E. Gonzales

May 29, 2019 12:28 am

DECLINING rice prices could cause the country’s inflation to decelerate further and settle at 2.8 percent in May, an ING Bank economist said on Tuesday.

In a statement, economist Nicholas Antonio Mapa said the rate of the increase in the prices of goods and services “is seen to decelerate further in the Philippines with rice prices falling.”

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