Inflation in the Philippines likely eased for the second straight month in June to 6.5 percent, according to a poll of economists reported by Philstar Biz. The projected rate, while lower than previous months, remains well above the Bangko Sentral ng Pilipinas target range.
The moderation was driven by easing prices of fuel and some food items, economists said. However, price growth is still significantly elevated, reflecting persistent supply-side pressures and strong demand.
Analysts warned that risks from El Niño, a weak peso, and potential second-round effects could keep inflation elevated in the coming months, complicating the central bank's monetary policy stance.