May inflation could spike to 4.5%

May inflation could spike to 4.5% – BSP

Jun 01, 2024 12:33 am

POWER rate hikes, costlier vegetables and a weaker peso could have led to higher inflation in May, the Bangko Sentral ng Pilipinas (BSP) said on Friday.

The 3.7- to 4.5-percent estimate released by the central bank still includes the possibility of an easing from April's 3.8 percent, but is skewed toward a breach of the BSP's 2.0- to 4.0-percent target.

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