Cordillera inflation in May slows down to 6.8 percent

BAGUIO CITY—Inflation in the mountainous Cordillera finally eased to 6.8 percent in May from a steep 7.6 percent in April. This is due in part to the industry cap on diesel and gasoline prices last month that helped slow down upland food prices. The report comes from the Philippine Statistics Authority on Monday (June 15).