Monday June 29, 03:42 AM
Manila c.bank sees June inflation at 1.2-2.1 pct yr/yr
MANILA, June 29 (Reuters) - Philippine annual inflation is likely to ease further to 1.2-2.1 percent in June from an 18-month low of 3.3 percent in May, central bank governor Amando Tetangco said on Monday.
'The continued decline in the inflation rate in June could have been due to lower electricity rates during the month and slower price increases in certain food items and in domestic pump prices,' Tetangco said in a text message to reporters.
The official inflation data for June will be released on July 7.
(Reporting by Manolo Serapio Jr.)
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