{"id":51774,"date":"2022-07-01T16:21:48","date_gmt":"2022-07-01T08:21:48","guid":{"rendered":"https:\/\/news.outsourceaccelerator.com\/?p=51774"},"modified":"2022-07-01T16:21:48","modified_gmt":"2022-07-01T08:21:48","slug":"inflation-projected-to-hit-6-5","status":"publish","type":"post","link":"https:\/\/news.outsourceaccelerator.com\/inflation-projected-to-hit-6-5\/","title":{"rendered":"Inflation projected to hit 6.5%"},"content":{"rendered":"

Inflation may have increased to as much as 5.7 to 6.5% in June as fuel, energy, and food prices continue to rise amid a declining peso, said Bangko Sentral ng Pilipinas (BSP).<\/span><\/p>\n

Diesel prices jumped by as much as P6.55 per liter on June 7 while Meralco increased the cost per kilowatt-hour for the average household by P0.39. The Philippine peso also continued to weaken throughout the month, hitting a low of P55.06 to $1 on June 29.<\/span><\/p>\n

However, BSP countered that cheaper fish and cooking gas prices may have limited the overall rise in inflation in the country last month.<\/span><\/p>\n

In keeping with its price and financial stability mandate, the central bank said it would “continue to monitor closely emerging price developments to enable timely intervention to arrest [the] emergence of further second-round effects.”<\/span><\/p>\n

Monetary authorities have so far ordered two 25-basis-point policy rate hikes in response to rising prices and new BSP Governor Felipe Medalla said more aggressive rate hikes could be ordered.<\/span><\/p>\n

“The moment inflation becomes embedded, it becomes a self-fulfilling prophecy. I expect prices to rise and therefore I will raise my price,” he told reporters.<\/span><\/p>\n

Read more here.<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Inflation may have increased to as much as 5.7 to 6.5% in June as fuel, energy, and food prices continue […]<\/p>\n","protected":false},"author":7,"featured_media":51775,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[200],"tags":[],"yoast_head":"\nInflation projected to hit 6.5% - Outsource Accelerator<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/news.outsourceaccelerator.com\/inflation-projected-to-hit-6-5\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Inflation projected to hit 6.5% - Outsource Accelerator\" \/>\n<meta property=\"og:description\" content=\"Inflation may have increased to as much as 5.7 to 6.5% in June as fuel, energy, and food prices continue […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/news.outsourceaccelerator.com\/inflation-projected-to-hit-6-5\/\" \/>\n<meta property=\"og:site_name\" content=\"Outsource Accelerator\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/outsourceaccelerator\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-01T08:21:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news.outsourceaccelerator.com\/wp-content\/uploads\/2022\/07\/Inflation-projected-to-hit-6.5.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Outsource Accelerator\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@outsourceaccel\" \/>\n<meta name=\"twitter:site\" content=\"@outsourceaccel\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Outsource Accelerator\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/news.outsourceaccelerator.com\/inflation-projected-to-hit-6-5\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/news.outsourceaccelerator.com\/inflation-projected-to-hit-6-5\/\"},\"author\":{\"name\":\"Outsource Accelerator\",\"@id\":\"https:\/\/news.outsourceaccelerator.com\/#\/schema\/person\/8b75ec193590c50fe884d94951389c3d\"},\"headline\":\"Inflation projected to hit 6.5%\",\"datePublished\":\"2022-07-01T08:21:48+00:00\",\"dateModified\":\"2022-07-01T08:21:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/news.outsourceaccelerator.com\/inflation-projected-to-hit-6-5\/\"},\"wordCount\":192,\"publisher\":{\"@id\":\"https:\/\/news.outsourceaccelerator.com\/#organization\"},\"articleSection\":[\"Local\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/news.outsourceaccelerator.com\/inflation-projected-to-hit-6-5\/\",\"url\":\"https:\/\/news.outsourceaccelerator.com\/inflation-projected-to-hit-6-5\/\",\"name\":\"Inflation projected to hit 6.5% - 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