The Philippines' First All-Opinion Website

June 5, 2018


Inflation rates slowed down in May 2018 to 0.2% dropping from 0.7% in March.

The National Economic & Development Authority (NEDA) announced this today at a joint forum with the Department of Budget & Management (DBM) and Department of Finance(DOF).

While overall inflation increased from May 2017 to 4.6%, the month-on-month inflation rate dropped from 0.7% in March to 0.3% in April, hitting a low of 0.2% in May.

“We expect this to further taper in the second half of the year,” Budget Sec. Benjamin Diokno said.

The decrease in the price of world crude oil and the increase in buffer stocks of NFA rice are factors that may contribute to further decreases in the inflation rate.

Share and Follow Us:

Photo/s used in this post is/are covered under the Fair Use Exemption of the IP Code.

By posting a comment in the section provided, you hereby agree to:
  • You acknowledge that Manila Speak is only a platform for your views and opinions and those views and opinions of yours are not necessarily that of Manila Speak.
  • The comments section is a public forum and you will be considerate and respectful at all times.
  • You shall not post any defamatory utterances, profanity or vulgar language, anything that is obscene or abusive. You shall not post any false statements, harassing words or threaten a person’s safety or property.
  • You shall not, without consent, post any personal information such as but not limited to phone numbers and email or mailing addresses.
  • You shall not violate other’s intellectual property or proprietary rights.
  • Manila Speak may or may not review your post but it reserves the right to remove that same if such post may potentially violate the guidelines.
  • All Rights Reserved. No portion of this site may be republished without permission of the publisher.



Speak Your Mind

Social media & sharing icons powered by UltimatelySocial