Philippines May inflation at 6.1% y/y, below forecasts

MANILA (Reuters): Philippine annual inflation was at 6.1% in May, easing from 6.6% in April, the statistics agency said on Tuesday (June 6).

Economists had forecast the consumer price index would rise by 6.2% in May from a year earlier, based on the median estimate in a Reuters poll, while the central bank had a 5.8% to 6.6% projection.