BSP sees June inflation between 1.1% and 1.9%

The Bangko Sentral ng Pilipinas (BSP) expects inflation for June 2025 to fall within the 1.1 to 1.9 percent range, reflecting a mix of upward and downward price movements.

“Upward price pressures for the month are likely to be driven by higher meat and vegetable prices, elevated oil prices and the depreciation of the peso,” the BSP said in a statement on Monday.

These increases, however, may be tempered by easing prices of key commodities. The BSP noted that lower costs of rice, fish, fruits, and electricity could help offset inflationary pressures.

“Going forward, the BSP remains committed to safeguarding price stability by ensuring that monetary policy settings are conducive to sustainable economic growth and employment,” it added.

In May, inflation stood at 1.3 percent—below the government’s 2 to 4 percent target band.