June inflation falls, 1.2% beats forecast

Philippine headline inflation posted its sharpest drop in two decades in June at 1.2 percent on the back of sufficient food supply and moderate price pressures on energy and oil rates, the latest figures released Tuesday by the National Economic and Development Authority (NEDA) show.

Using 2006 as the current base year, the NEDA said the June figures covered the monthly inflation series from 1995 to June 2015.