Consumer prices ease to 6.6%
May 5, 2023 09:17 AM
Inflation slowed down further to 6.6 percent in April from 7.6 percent in the previous month, the Philippine Statistics Authority reported on Friday, May 5.
Last month's inflation settled within the Bangko Sentral ng Pilipinas' forecast of 6.3 percent to 7.1 percent, but still higher than the 4.6 percent in April 2022.
April inflation rate brought the coutry's four-month average to 7.9 percent, still above the government's revised full-year outlook of 5.0 percent to 7.0 percent.
The end-April average is also well above
