Philippine inflation eases to 2.1% in May

A vendor surfs internet on her mobile phone as she waits for customers at a fruit stall at in Paranaque, Metro Manila, Philippines

The Philippines’ annual inflation eased to 2.1% in May, from the previous month’s 2.2%, the statistics agency said on Friday.

The headline figure was near the low end of the central bank’s forecast range of 1.9% to 2.7% for the month, and matches the median 2.1% estimate in a NYK Daily’s poll.

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