BSP sees May inflation at 7.1%-7.9% on food, peso pressures

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) said Saturday that headline inflation in May could settle between 7.1 percent and 7.9 percent, driven by higher prices of key food commodities and the depreciation of the peso. In a month-ahead inflation forecast, the central bank said rising prices of rice, vegetables, and meat were