For full-year 2017, the BSP had set a target limit of 2 percent to 4 percent inflation rate. The Philippine Statistics Authority is expected to release the May 2017 inflation report on Tuesday, June 6. “With world oil prices edging lower in May, retail petrol prices have stabilized, while food inflation has also moderated. 2 BSP rate hikes expectedBanking giants DBS and Deutsche Bank provided the lowest estimate of 3.1 percent for May inflation. This will cut down food inflation from 4.2 percent to 3.8 percent, it added.

Source: Manila Times June 04, 2017 16:52 UTC