Inflation stays at 4.5% in April within gov't officials' exp

Inflation stays at 4.5% in April within gov't officials' expectation


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Metro Manila (CNN Philippines, May 5) — The pace of increase in prices of basic goods was unchanged at 4.5% in April, the same as in March, as the government reimposed the strictest lockdown restrictions over the Greater Manila area.
Data from the Philippine Statistics Authority on Wednesday showed inflation settled at 4.5% for the month, the same as that posted in March, but quicker than 2.2% a year ago.
April's inflation rate is within the 4.2% to 5.0% target range set earlier by the Bangko Sentral ng Pilipinas.
In a virtual briefing, National Statistician Dennis Mapa attributed April's flat reading to the varying movements in prices of commodity groups.

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