MANILA (Reuters) – Philippine annual inflation eased for a fourth consecutive month in May due to slower increases in transport, food and non-alcoholic indices, the statistics agency said on Tuesday.
The consumer price index rose 6.1% in May from a year earlier, just below the 6.2% median forecast in a Reuters poll and slower than the 6.6% rate in April.
Core inflation, which strips out volatile food and fuel
items, slowed to 7.7% from April’s 7.9%.
The Bangko Sentral ng Pilipinas projected May inflation to come in at 5.8% to 6.6% range.
(Reporting by Neil Jerome Morales and Enrico Dela Cruz; Editing by Kanupriya Kapoor)
