BusinessWorld E-paper
July 04, 2022
PHILIPPINE INFLATION probably hit 6% in June amid spiraling oil and food prices and
higher electricity rates, according to a median estimate of 16 analysts in a BusinessWorld poll last week, boosting the case for bigger increases in key interest rates.
This would be the quickest since 6.1% in November 2018, and faster than 5.4% in May and
3.7% in June last year, according to data from the Bangko Sentral ng Pilipinas (BSP). It would also breach the central bank’s 2-4% target and the Development Budget Coordination Committee’s 3.7-4.7% estimate this year.
