3 months BSP forecasts 2.8-3.6% May inflation MB |Biz
By Lee C. Chipongian The Bangko Sentral ng Pilipinas (BSP) thinks inflation for the month of May could be as low as 2.8 percent from April’s actual three percent rate, but price pressures from transport fare hikes could still pull inflation up to as much as 3.6 percent. “Upside price pressures could emanate from the jeepney fare adjustment in Central Visayas and higher prices of selected food items,” according to the BSP Department of Economic Research. Base effects could allow for inflation to stay at three percent. “(The) positive base effects could account for temporary price pressures in May,” ... more