HEADLINE inflation this year is likely to climb to 1.8 percent from its average of 1.3 percent in the first five months of the year, missing the Bangko Sentral ng Pilipinas’ (BSP) target range of 2 percent to 4 percent for 2016.

Inflation forecasts for 2016 provided by Asian Development Bank (ADB), Metrobank Research, and Standard Chartered Bank ranged from 1.8 percent to 2 percent.

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