The Philippine’s annual headline inflation rate remained stable at 2.6 percent in May as most commodity groups recorded slower growth of prices, data from the National Statistics Office (NSO) showed on Wednesday.

The May headline inflation is of the same rate as April 2013 but lower compared to the 2.9-percent rate a year ago. It was also within the 2.2-percent to 3.1-percent projection of the Bangko Sentral ng Pilipinas (BSP) for the month, and lower than its 3-percent to 5-percent full-year target.

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