6 months BSP forecasts April inflation at 2.7%-3.5% range MB |Biz
By Lee C. Chipongian The Bangko Sentral ng Pilipinas (BSP) forecasts April inflation could hit a low of 2.7 percent but may also reach a high of 3.5 percent due to upside pressures, according to the BSP Department of Economic Research (DER). MB file photo. The BSP thinks inflation could still be in the three-percent level because of higher domestic oil prices and the “slight upward adjustment in electricity rates are seen to provide upside price pressures for the month.” In March, inflation slipped to 3.3 percent from 3.8 percent in February and 4.4 percent in January, for an average ... more