The Bangko Sentral ng Pilipinas (BSP) said inflation could moderate to 0.7 percent this month or pick up to 1.5 percent on higher local oil prices and utility rates.

“The BSP forecast suggests that April inflation could settle within the 0.7 percent to 1.5 percent range,” central bank Governor Amando Tetangco Jr. said in a text message to reporters on Thursday.

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