INFLATION likely eased below 3 percent last month because of lower food prices, according to analysts polled by The Manila Times.

Forecasts on the rate of the increase in the prices of goods and services for the month ranged from 2.7 percent to 3.1 percent with a 2.9 percent average, down from the 3.0 percent posted in April and 4.6 percent in May last year.

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