Philippine annual inflation slows to 6.8% in May
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MANILA, June 5 : Philippine annual inflation stood at 6.8 per cent in May, below the previous month's 7.2 per cent rate, driven mainly by slower increases in food and transport costs, the statistics agency said on Friday. • The consumer price index was below the 7.5 per cent median forecast in a Reuters poll. • It was also below the central bank's projection that annual inflation in May would be within a 7.1 per cent to 7.9 per cent range. • The average inflation rate in the five months to May
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