Economy: May 2025 headline inflation expected to reaccelerate to 3.2% as base year offsets erode - By Pearl Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">We project the National Consumer Price Index (NCPI)-based inflation rate for May 2025 to reaccelerate to &uarr;3.2 YoY in contrast to &uarr;0.3% YoY in the previous month and &uarr;11.8% observed in the corresponding period last year. On a month-on-month basis, we project a continued deflation of &darr;0.4% MoM in the CPI, indicating easing price pressures as compared to &darr;0.84% MoM observed in April 2025 and well below the trailing 5-year average MoM inflation rate of &uarr;1.18%</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Notably, we anticipate downward year-on-year momentum in the food index observed between January to April 2025 to reverse with food prices registering an uptick of &uar...