The country’s headline inflation further decelerated to 2.1 percent in May from 2.2 percent the month before on the back of lower oil and food prices, the Philippine Statistics Authority (PSA) reported on Friday.
An attendant fills up a motorcycle’s tank as its driver looks on at a Shell gasoline station in Manila’s Santa Cruz district on June 5, 2020. The Philippine Statistics Authority announced that inflation eased to 2.1 percent in May partly due to lower fuel prices. PHOTO BY ENRIQUE AGCAOILI