6 months BSP sees 2-2.8% July inflation MB |Biz
By Lee C. Chipongian Inflation could hit a low of two percent for the month of July with a stronger peso lessening price pressures, the Bangko Sentral ng Pilipinas (BSP) said. MB file photo. The BSP’s Department of Economic Research (DER) forecasts a July inflation range of two percent to 2.8 percent with rice and liquefied petroleum gas (LPG) prices on the low side during the period. The high end of the July forecast is not too far from June’s 2.7 percent inflation. “Lower rice and domestic LPG prices along with downward adjustment in electricity rates and the recent peso ... more