June 5, 2018
MONTH-ON-MONTH INFLATION RATE DECREASES TO 0.2%
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.
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