10 months BSP sees 2.7-3.5% inflation for April Manilatimes |Biz
INFLATION likely eased to as low as 2.7 percent or picked up to 3.5 percent in April, the Bangko Sentral ng Pilipinas (BSP) announced on Tuesday. In a statement, the central bank said its Department of Economic Research projected consumer price growth “to settle within the 2.7-3.5-percent range” in March.
Vendors sell goods at Paco Market in Manila. Headline inflation eased to a 15-month low of 3.3 percent in March from 3.8 percent in February. The Philippine Statistics Authority (PSA) is set to release official April inflation data on May 7. “Higher domestic oil prices and the slight upward adjustment ... more