May 2017 Inflation at 3.1%

Inflation decreased to 3.1% last month from 3.4% in April, though this was higher than the 1.6% recorded in the same month last year. It is well within the inflation target of 2.9-3.7% set by the Bangko Sentral ng Pilipinas (BSP, Philippine central bank), putting it on track towards the 3.4% forecast for the full year. Year-to-date figure is at 3.1%, with…

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