PH inflation rate for May 2023 slows down further to 6.1%

PH inflation rate for May 2023 slows down further to 6.1%

MANILA, Philippines — The headline inflation rates for May 2023 slowed down further to 6.1 percent according to the Philippine Statistics Authority (PSA), pushing the downtrend to four consecutive months. Reports from PSA released on Tuesday showed that the figures for May 2023 are 0.5 percentage points lower than April’s 6.6 percent. READ: Inflation slowed […] The post PH inflation rate for May 2023 slows down further to 6.1% appeared first on …

This is the lowest value since January 2022.

Inflation slows to 6.1% in May

INFLATION slowed for the fourth consecutive month in May as transportation and food prices fell, the Philippine Statistics Authority (PSA) reported on Tuesday.

Inflation falls for 4th straight month in May 2023

Inflation rate cooled down for the fourth consecutive month in May, thanks to slower movements in transport and food prices, the Philippine Statistics Authority (PSA) reported on Tuesday.

Inflation eases to 6.1% in May 2023, down for 4th straight month

MANILA, Philippines – The country’s inflation rate went down to 6.1% in May, the fourth consecutive month of deceleration, the Philippine Statistics Authority (PSA) said. In a press briefing on Tuesday, June 6, the PSA said transport and food costs drove the slowdown in inflation, providing some relief to struggling Filipino households. Meat inflation moderated as the inflation rate for chicken fell from 7.7% to 5.9% and the inflation rate for b…

Rate decreased in 27 of the 38 OECD member countries, the international organization said in a statement