7 months BSP forecasts below 5% inflation in January MB |Biz
By Lee Chipongian The Bangko Sentral ng Pilipinas (BSP) said inflation for the month of January could be as low as 4.3 percent from December’s 5.1 percent because of the lower rice prices and electricity rates during the period. The BSP forecasts a January inflation range of 4.3 percent to 5.1 percent. A logo of the Bangko Sentral ng Pilipinas is seen at their headquarters in Manila, (REUTERS/Romeo Ranoco / MANILA BULLETIN) The BSP Department of Economic Research said that “domestic oil price hikes –due to higher international crude oil prices and the second tranche of the excise tax adjustment ... more