The BSP Department of Economic Research projects May 2019 inflation to settle within the 2.8 � 3.6 percent range. Upside price pressures could emanate from the jeepney fare adjustment in Central Visayas and higher prices of selected food items. Positive base effects could also account for temporary price pressures in May. Meanwhile, lower rice and domestic oil prices alongside downward adjustment in electricity rates are seen to help temper inflation for the month. Looking ahead, the BSP will continue to be watchful of evolving price trends to ensure that the monetary policy stance remains consistent with maintaining price stability.

Source: Bangko Sentral ng Pilipinas (BSP)