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Month-Ahead Inflation Forecast for June 2020

06.30.2020

The BSP Department of Economic Research projects June 2020 inflation to settle within the 1.9 - 2.7 percent range. Higher gasoline, diesel, and kerosene prices as well as the uptick in the price of rice due to supply bottlenecks contributed to positive price pressures during the month. These could be partly offset by slightly lower LPG price and electricity rate in Meralco-serviced areas during the month.

Looking ahead, the BSP will continue to monitor evolving economic and financial conditions to ensure that the monetary policy stance remains consistent with the BSP’s price stability mandate.

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