Manila, May 30 -- The Bangko Sentral ng Pilipinas (BSP) is projecting May 2025 inflation to settle within the 0.9 percent to 1.7 percent range.

If the lower end of the projection is realized, the inflation rate will be the lowest since the 0.6 percent recorded in October 2019.

"Easing prices of rice and fish due to favorable domestic supply conditions in conjunction with lower oil prices, electricity rates, and the peso appreciation contributed to the downward price pressures for the month," the BSP said.

However, the central bank said these could be offset in part by higher prices of vegetables and meat items.

"Going forward, the Monetary Board will continue to take a measured approach in adjusting the monetary policy stance in line ...