Headline inflation could settle within 2.6 to 3.4 percent this month as a result of higher fuel, power and rice prices in addition to the peso’s weakness, the Bangko Sentral ng Pilipinas (BSP) said on Thursday.
The rate picked up to 2.8 percent in July from June’s revised 2.7 percent. Inflation data for August is scheduled to be released on September 5.
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