7 months BSP projects Feb inflation at 3.7-4.5% Manilatimes |Biz
INFLATION is likely to have slowed to as low as 3.7 percent or marginally risen to 4.5 percent last month, according to the latest forecast of the Bangko Sentral ng Pilipinas (BSP). In a statement on Thursday, the central bank said its Department of Economic Research projected the rate of the increase in the prices of goods and services in February “to settle within the 3.7-to-4.5-percent range.” The country’s headline inflation eased to a 10-month low of 4.4 percent in January from 5.1 percent in December. The Philippine Statistics Authority is set to release official February inflation data on March ... more