BusinessWorld E-paper
June 01, 2022
HEADLINE inflation likely quickened and breached 5% in May due to higher pump and
food prices and a weaker peso, the Bangko Sentral ng Pilipinas (BSP) chief said on Tuesday.
May inflation may have reached between 5% and 5.8%,BSP Governor Benjamin E. Diokno said in a Viber message. This is well above the 2-4% target of the central bank for this year.
