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Inflation eases to 6-month low at 4.1 percent in June

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ABS-CBN News

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img src="https://sa.kapamilya.com/absnews/abscbnnews/media/2021/business/06/14/20210506-paco-market-pork-prices-jc-33.jpg"/><figcaption>Vendors tend to their stall selling pork and other meat products at the Paco Market in Manila on May 06, 2021. <em>Jonathan Cellona, ABS-CBN News/File</em></figcaption></figure></div><p>MANILA - Inflation slowed in June, its lowest since December 2020, after remaining steady for 3 straight months, the state statistics bureau said Tuesday.</p><p>The consumer price index rose 4.1 percent, slower compared to the 4.5 percent in <a href="https://news.abs-cbn.com/business/06/04/21/inflation-may-2021-45-percent" target="_blank">May</a>, the Philippine Statistics Authority said in a virtual briefing. </p><div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img src="https://sa.kapamilya.com/absnews/abscbnnews/media/2021/business/07/06/20210707-inflation-chart.jpg"/><figcaption>Inflation slowed in June. Data: Philippine Statistics Authority. <em>Processed by: ABS-CBN Data Analytics</em></figcaption></figure></div><p>The June CPI, however, is still slightly above the government target of 2 to 4 percent. </p><p>&quot;The latest inflation number is consistent with expectations that inflation could remain above target in the near term as meat and oil prices remain elevated,&quot; Bangko Sentral ng Pilipinas Governor Benjamin Diokno said in a statement. </p><p>The uptick in international commodity prices due to supply chain bottlenecks and recovery in global demand remain as upward risks for inflation, the BSP said. </p><p>Possible delays in easing of lockdown measures due to new COVID-19 variants could temper prospects for domestic growth, it added.</p><p>Diokno earlier said inflation could fall back within the government target within the year instead of in 2022. </p><p>Inflation could settle at an average of 3.9 percent this year, he said.</p><p>Higher inflation has an impact on household consumption which is a key factor in economic recovery.</p><p>The BSP also kept interest rates at a record-low 2 percent to encourage lending. <br/> </p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/video/business/04/12/21/bsp-inflation-may-ease-in-second-half-of-2021">BSP: Inflation may ease in second half of 2021</a></li>	<li><a href="https://news.abs-cbn.com/business/06/14/21/inflation-within-target-this-year-39-percent-diokno-bsp">Inflation to fall back within target this year instead of 2022: BSP Gov</a></li></ul><div><strong>RELATED VIDEO:</strong></div><figure class="op-interactive"><iframe allow="autoplay; fullscreen" frameBorder="0" height="100%" id="ivsplayer01" scrolling="no" src="https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&amp;key=e8c22c015ca9eafa76f1e3edfa03c603&amp;spid=3001339&amp;vid=1662991" width="100%"></iframe></figure><div class="iwantbar">Watch more in <a href="//www.iwantv.com.ph/">iWantv</a> or <a href="//tfc.tv/">TFC.tv</a></div>

<p>Inflation slowed in June, its lowest since December 2020, after remaining steady for 3 straight months, the state statistics bureau said Tuesday.</p>

Inflation slowed in June, its lowest since December 2020, after remaining steady for 3 straight months, the state statistics bureau said Tuesday.