June inflation likely higher – analysts

Headline inflation in June may have ticked slightly higher than the previous month, with a median estimate of 1.8 percent emerging from a poll of regulators and analysts versus May’s 1.6 percent print and the 1.2 percent inflation rate in June last year.

Government officials and analysts surveyed by The Manila Times provided a forecast range of 1.5 percent to 2.1 percent, with all but the Bangko Sentral ng Pilipinas (BSP) seeing inflation at 1.7 percent or higher on higher tuition, rice, and vegetable prices despite the prevailing low oil prices.