The Bangko Sentral ng Pilipinas (BSP) expects inflation in June to remain elevated at six to seven percent, driven by higher electricity rates and vegetable prices that offset lower oil and food costs, Philstar Biz reported.
The forecast range is above the BSP's target of two to four percent, indicating persistent price pressures that could influence the central bank's monetary policy stance.
Higher electricity costs and vegetable prices were cited as the main upward contributors, while lower global oil prices and stable food supply provided some relief.