Inflation could hit 5.6% to 6.6% in July — BSP

The Bangko Sentral ng Pilipinas (BSP) said the July inflation rate could fall within a 5.6% to 6.6% range, as reported by Philstar Biz.

The forecast range indicates that price pressures remain elevated, as the BSP continues to monitor factors such as food prices, energy costs, and global commodity movements that could affect the country's inflation trajectory.

The official inflation data for July is expected to be released by the Philippine Statistics Authority in the coming weeks, and the BSP's projection will guide its upcoming monetary policy decisions.