6 months BSP sees 3.1-3.9% inflation for March Manilatimes |Biz
INFLATION will likely ease to as low as 3.1 percent or marginally pick up to 3.9 percent this month, the Bangko Sentral ng Pilipinas (BSP) said on Friday. In a statement, the central bank said its Department of Economic Research projected consumer price growth “to settle within the 3.1-3.9-percent range” in March. Headline inflation eased to a 13-month low of 3.8 percent in February from 4.4 percent in January. The Philippine Statistics Authority is set to release official March inflation data on April 5. “Higher domestic oil prices and upward adjustment in electricity rates provide upside price pressures to inflation ... more