(UPDATE) INFLATION slowed for a fifth consecutive month in June as transportation and food prices fell, the Philippine Statistics Authority (PSA) reported on Wednesday.

The 5.4-percent result, down from 6.1 percent in May and a year earlier, fell within the Bangko Sentral ng Pilipinas' (BSP) 5.3- to 6.1-percent forecast for the month. It also matched the 5.4-percent median in a Manila Times poll of economists.

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