Inflation eased in five economically important German states in the month of May, preliminary data showed on Wednesday, suggesting that national price rises are set to slow to their lowest in more than a year. | Reuters
Inflationary pressure has been eased by a new subsidized travel ticket, covering all local public transport for 49 euros per month.
National data so far suggests that euro zone inflation may have dropped more than expected in May and even underlying prices may have ticked down, supporting arguments for only cautious European Central Bank rate hikes in months ahead. The ECB has lifted rates by a record 375 basis points over the past year and has already committed to another move in June, leaving only subsequent tightening up in the air.
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BSP sees May inflation slowing to 5.8-6.6%INFLATION could slow further in May due to lower fuel, electricity, fish, and poultry prices, the Bangko Sentral ng Pilipinas (BSP) said on Wednesday. READ HERE:
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Slower inflation seen to continue in May — BSPThe Bangko Sentral ng Pilipinas (BSP) expects the inflation rate to maintain its downward trend in May.
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BSP expects May inflation to cool down further to 5.8% or stay at 6.6%The Bangko Sentral ng Pilipinas (BSP) is expecting inflation to continue its downtrend in May or remain at the same level as the previous month amid lower fuel, food, and utility prices.
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Inflation could fall below 6% in May – BSPThe Bangko Sentral ng Pilipinas (BSP) said the May inflation level could hit a low of 5.8 percent or a high of 6.6 percent, which is the actual consumer price index (CPI) last April. ManilaBulletin READ:
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