By Luisa Maria Jacinta C. Jocson, Reporter
HEADLINE INFLATION likely remained steady in June and settled within the central bank’s 2-4% target for a seventh straight month, analysts said.
A BusinessWorld poll of 14 analysts yielded a median estimate of 3.9% for the consumer price index (CPI) in June. This is within the 3.4-4.2% forecast of the Bangko Sentral ng Pilipinas (BSP) for the month.
If realized, June inflation would match the 3.9% in April. It will also be slower than the 5.4% print in the same month a year ago.
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