May inflation may hit new 3-yr high of 7.9%

Philippine inflation likely climbed further in May, surpassing the previous month’s three-year high as the spillover effects from the Middle East war continued to intensify food price pressures and weaken the peso. According to the Bangko Sentral ng Pilipinas (BSP), consumer prices likely rose between 7.1 percent and 7.9 percent in May, accelerating from the