HEADLINE inflation likely continued to decelerate last month on reduced food and fuel prices, which would allow the Bangko Sentral ng Pilipinas (BSP) to resume slashing interest rates, according to analysts polled by The Manila Times.

Inflation forecasts for July ranged from 2.2 to 2.6 percent with a 2.3 percent average, lower than the 2.7 percent posted in June and the 5.7 percent recorded a year ago.