Inflation likely accelerated further in May and may have hit its fastest pace in more than three years, according to economists, as reported by Philstar Biz .
The analysts pointed to sustained pressures from food, fuel, utility, and currency depreciation that continued to keep consumer prices elevated. These factors have been pushing inflation above the central bank's target range, prompting expectations of further policy tightening.
The upcoming inflation data for May will be closely watched by both policymakers and market participants, as it could influence the Bangko Sentral ng Pilipinas' monetary policy decisions in the coming months.