Moody’s Analytics, the data analysis and financial intelligence subsidiary of Moody’s Corp, on Monday projected inflation in the Philippines to moderate further to 5.2 percent in July.
This compares against headline inflation averaging 5.4 percent reported by the Bangko Sentral ng Pilipinas (BSP) in June that brought the six-month average to 7.2 percent.
Moody’s forecast aligns with the official view that inflation averaging as high as 8.7 percent as late as January this year will continue to moderate and come down to within the 2 to 4 percent target later this year.
BSP officials and analyst have since argued the data suggest the moderation will persist as the headline numbers proved lower than forecast in recent months and that while remaining elevated, the rate of increase has proven lower with each survey on prices.
Core consumer prices, the BSP had said, grew by only 7.4 percent at the last survey conducted by the Philippine Statistics Authority and the least expansion the past five months.
The PSA has noted the June inflation survey of 5.4 percent was the slowest since April last year.
The PSA is next scheduled to release the outcome of its price survey on 6 June this year.
