Philippine Inflation Forecast for May 2021

MONTH-AHEAD INFLATION FORECAST FOR MAY 2021

The BSP projects May 2021 inflation to settle within the range of 4.0 – 4.8 percent. Higher prices of meat and domestic petroleum products along with the upward adjustment in Meralco electricity rates are the main sources of upward price pressures for the month. These could be offset by the decline in prices of key food items, such as rice, vegetables, and fish, due to improved supply conditions, along with the appreciation of the peso. Moving forward, the BSP will remain watchful of economic and financial developments to ensure that the monetary policy stance remains consistent with the BSP’s price stability mandate.

BSP Confidentiality Notice:
This e-mail and any attachments may contain confidential and/or proprietary information intended for the use of the named recipient/s only. If you are not the intended recipient, any unauthorized disclosure, copying, dissemination or use of any of the information is strictly prohibited. Please notify the sender and immediately delete this e-mail from your system. The content of this email may contain private views and opinion which shall not be construed as a commitment by the Bangko Sentral ng Pilipinas (Central Bank of the Philippines) except where provided for in a formal written agreement.

website wordpress webhosting best company service free transfer files migration

Bangko Sentral ng Pilipinas Press Release

Leave a Reply