MANILA (Reuters) - Philippine headline&nbsp;inflation&nbsp;was expected to ease for a&nbsp;sixth&nbsp;straight&nbsp;month&nbsp;with the&nbsp;central&nbsp;bank&nbsp;on Monday projecting the rate in&nbsp;July&nbsp;to come in between 4.1% and 4.9%, down from 5.4% in June.
Ahead of the data release on Aug. 4, however, Bangko Sentral ng Pilipinas' (BSP) Governor Eli Remolona said on Friday it was too soon to declare victory in the battle to curb consumer price pressures, as core&nbsp;inflation, which was at 7.4% in June, remained high while upside risks persist.
In a statement, the BSP said lower electricity rates, declines in the prices of meat, fruits, and fish items, the rollback in cooking gas prices, and the peso appreciation could contribute to downward price pressures this&nbsp;month.
The BSP, which next meets on Aug. 17 to review policy, said it will continue monitoring developments affecting the outlook for&nbsp;inflation&nbsp;and economic growth in line with its data-dependent approach to monetary policy formulation.
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(Reporting by Neil Jerome Morales; Editing by Kanupriya Kapoor)

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Philippines central bank sees July inflation easing for sixth month