April 2023 inflation: Substantial easing of prices
Inflation is on its way down, sans supply shocks and other risk events. We have revised our forecasts and articulated our outlook in our report.
![inflation-aa-1](https://wealthinsights.metrobank.com.ph/app/uploads/2023/05/inflation-aa-1.png)
Inflation further eased to 6.6% in April 2023, driven by the decline in food, energy, and transport prices. This further confirms that a downward trend in inflation is expected moving forward in the absence of supply shocks. Given this, we have revised our inflation forecast for 2023 downwards from 6%-7% to 6%.
Check our latest inflation report and outlook for further details.