Inflation slows to 6.8% in May

MANILA, Philippines – The country’s inflation eased to 6.8 percent in May from 7.2 percent in April as transport and food prices softened amid the Middle East conflict-driven energy crisis, the Philippine Statistics Authority (PSA) reported on Friday. The latest reading fell below the Bangko Sentral ng Pilipinas’ 7.1 to 7.9 percent forecast for the