Inflation could hit 4.2% in June

Inflation could hit 4.2% in June – Bangko Sentral

Jun 29, 2024 12:38 am

HIGHER food prices, a weaker peso and costlier fuel could push inflation beyond target this month, the Bangko Sentral ng Pilipinas (BSP) said Friday.

The central bank's estimate of 3.4 to 4.2 percent still allows for a potential decrease from May's 3.9 percent, but also extends beyond its 2.0- to 4.0-percent target.

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