HEADLINE inflation will likely decelerate to 6.1 percent in May due to lower prices of food, an economist said on Friday.
"Some food prices already started to ease recently on better weather conditions that led to some increase in supply that helps in lowering food prices after some storm damage in the latter part of 2022 up to early 2023, especially the shear line that hit some parts of the Visayas and Mindanao," Michael Ricafort, chief economist at Rizal Commercial Banking Corp., told the Philippine News Agency.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.