Inflation likely hit upper end of target

Jun 03, 2024 12:44 am

RISING utility costs and a weaker peso could have pushed inflation to the brink of breaching target last month, analysts said.

The median forecast in a Manila Times poll of 11 economists was 4.0 percent, at the upper end of the Bangko Sentral ng Pilipinas' (BSP) 2.0- to 4.0-percent target and within its 3.7- to 4.5-percent estimate for May.

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