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Archive > Monthly Inflation Forecast
June inflation expected at 3.5% - 3.7%
June 3, 2002 - The onset of the rainy season and the opening of classes are expected to bring the June inflation up by 0.7 - 0.9% month-on-month, or a year-on-year inflation of between 3.5 - 3.7%. This forecast already takes into account lower electricity billings from the reduction in the purchased power cost adjustment and the P0.30 - P0.35 per liter cut in the pump prices of fuel products. On the other hand, food prices may have been hit by the early dry spell in some provinces.
 
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