BSP, analysts see inflation still hitting target

CENTRAL bank officials still see the country’s inflation rate averaging within the government’s target this year despite the two-month high print recorded in May.

In a message to reporters on Wednesday, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said last month’s 3.2-percent inflation “cannot be seen as an acceleration,” adding that “one data point does not constitute a trend.”