Inflation likely down anew in May

By Philippine News Agency

May 28, 2023 12:15 am

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.

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