By Aubrey Rose A. Inosante, Reporter
HEADLINE INFLATION slowed to its lowest in over five years in April, amid a drop in food prices and transport costs, the Philippine Statistics Authority (PSA) said, giving the central bank room to further cut rates.
Preliminary data from the PSA showed the consumer price index rose to 1.4% in April, slowing from 1.8% in March and 3.8% a year ago.
The April print was at the low end of the Bangko Sentral ng Pilipinas’ (BSP) 1.3% to 2.1% forecast. It was also below the 1.8% median estimate in a BusinessWorld poll of 14 analysts last week.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased
