MANILA, Philippines – The rate of increase in the prices of goods rose in June, as lockdown restrictions due to the coronavirus pandemic were eased.
Inflation went up to 2.5% in June, according to the Philippine Statistics Authority (PSA) on Tuesday, July 7.
The latest figure is higher than the 2.1% in May, but remained within the low end of the 1.75% to 3.75% forecast for 2020.
The year-to-date inflation now stands at 2.5%.
Transportation costs triggered the higher inflation in June.
Economists of the Bangko Sentral ng Pilipinas earlier projected that higher prices of rice and fuel may have pushed costs up.