10 months Inflation likely slowed anew in January – BSP Manilatimes |Biz
Inflation could have slowed for a third straight month in January despite fresh excise tax hikes, the Bangko Sentral ng Pilipinas (BSP) indicated on Thursday as it issued a 4.3-5.1 percent forecast for the month. Consecutive monthly increases since the start of 2018 led to consumer price growth hitting a nine-year high of 6.7 percent in September and October, well over the BSP’s 2.0-4.0 percent target. The pace only began moderating in November (6.0 percent) and December (5.1 percent — the upper end of the BSP’s January forecast), which capped full-year inflation at 5.2 percent. “Domestic oil price hikes, ... more