Headline inflation decelerated in June 2021 following the implementation of policy interventions to stabilize commodity prices, according to the National Economic and Development Authority (NEDA).
It slowed down to 4.1 percent, bringing year-to-date inflation still at 4.4 percent.
This came after three months of a steady 4.5 percent inflation rate from March to May 2021. This is also the lowest inflation rate recorded since December 2020.
“Recent policies to increase food supply are beginning to bring down inflation. Rest assured that the government will continue to address constraints in the availability and movement of goods amid quarantine restrictions to ensure that households have access to affordable food,” Socioeconomic Planning Secretary Karl Kendrick Chua said.
Food inflation remained at 4.9 percent in June 2021 with the faster inflation in fish tempered by slower inflation in other food items including rice, vegetables, and meat.
Meat inflation decelerated to 19.2 percent in June 2021 from a high of 22.1 percent recorded in April and May 2021.
Month-on-month meat inflation also continued to decline at -0.3 percent from -0.1 percent.