Inflation seen easing further to 2% in Q2

HEADLINE inflation is likely to ease further to 2 percent in the second quarter of this year from the first three months due to persistent “disinflation pressures,” ING Bank Manila said in a commentary.

Tim Condon, ING Bank Asia chief economist, said supply shocks via the food and energy components explain most of the slowdown in the year-to-date inflation rate in the first four months of the year.