Analysts see inflation easing below 3% in Mayhome/Business/Top Business/Analysts see inflation easing below 3% in MayINFLATION likely eased below 3 percent last month because of lower food prices, according to analysts polled by The Manila Times. Analysts from the Rizal Commercial Banking Corp. (RCBC) and Philstocks Financial Inc. both forecast inflation to remain steady at 3 percent. Analysts from Moody’s Analytics and Union Bank of the Philippines, meanwhile, both see inflation hitting 2.9 percent. UnionBank chief economist Carlo Asuncion also believed the lower inflation could be due to the lower prices of commodities. “The surge in rice imports have drastically lowered prices, and oil prices also came down toward the end of May,” Mangun said.

Source: Manila Times June 02, 2019 16:07 UTC