Inflation cools to 5.4% in June, lowest in 13 months
Headline inflation eased for the fifth consecutive month in June 2023 to 5.4 percent, down from 6.1 percent in May and at its lowest level since the 5.4 percent recorded in May 2022. The June inflation rate is within the 5.3 to 6.1 percent forecast range of the Bangko Sentral ng Pilipinas (BSP) and settled below the median estimate of 5.5 percent by private analysts.