Philippine central bank estimates May inflation in range of 7.1% to 7.9%

The central bank said 'upside price pressures were driven by rising prices for rice, vegetables and meat, as well as the depreciation of the peso'. - PNA

MANILA: Philippine inflation was likely to fall within the range of 7.1% to 7.9% range in May, the central bank said on Saturday (May 30).

The central bank said "upside price pressures were driven by rising prices for rice, vegetables and meat, as well as the depreciation of the peso".

The Philippines' statistics agency will release inflation data on June 5. - Reuters