Europe-PH News

Inflation eased to 4.1% in June

July 06, 2021

CNN Philippines

Metro Manila (CNN Philippines, July 6) — The prices of basic goods rose slower in June with food and transport costs driving the increase, the Philippine Statistics Authority reported Tuesday.

Inflation came to 4.1% during the month, compared to 4.5% the month prior and 2.5% in June 2020.

The recent figure is also slower than the 4.3% point inflation forecast of the Bangko Sentral ng Pilipinas for June, falling within its 3.9-4.7% target range.

The BSP expected higher Meralco rates and a weaker peso performance to primarily drive inflation up in June but partially offset by the drop in costs of main food items like rice, meat and fruits due to improved supply conditions.

This is a developing story.


  • Europe-PH News

  • August 09, 2022

    Start ‘em young: Simple Ways to Show Kids How to Save Money

    Despite understating the importance of discussing financ... Read More

  • August 05, 2022

    JFC disappointed on transport safety board veto

    The Joint Foreign Chambers (JFC) in the Philippines, composed of s... Read More

  • July 27, 2022

    A consensus is forming around agri, tech as the hot new investment areas

    BETWEEN 1980 and 2010, the Philippines established its reputation ... Read More