MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) projects inflation in June 2025 to settle between 1.1 percent and 1.9 percent, with mixed price movements influencing the overall rate.

In a statement Monday, the central bank said upward pressures were likely driven by higher meat and vegetable prices, elevated global oil prices, and the depreciation of the peso.

These, however, may be partially offset by lower prices of rice, fish, and fruits, as well as reduced electricity rates, the BSP added.

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

Inflation eased to 1.3 percent in May, well below the government’s target range of 2 to 4 percent.

The Philippine Statistics Authority (PSA) is set to release the official June inflation figure on July 4.