By Luisa Maria Jacinta C. Jocson, Senior Reporter
HEADLINE INFLATION likely slowed further in May to another over five-year low amid the continued decline in food prices and a stronger peso.
A BusinessWorld poll of 17 analysts conducted last week yielded a median estimate of 1.3% for the May consumer price index (CPI), slower than the 1.4% in April and 3.9% in the same month a year ago. This is within the Bangko Sentral ng Pilipinas’ (BSP) 0.9%-1.7% forecast for the month.
If realized, this would be the lowest clip in more than five years or since the 1.2% in November 2019.
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