Inflation could have accelerated to as high as 4.7 percent last month, the Bangko Sentral ng Pilipinas (BSP) said, with tensions in the Middle East having made fuel more expensive and supply constraints also propelling power and rice price hikes.
“The BSP Department of Economic Research projects the 2012-based April 2018 inflation to settle within the 3.9-4.7 percent range. This represents a slight upward revision,” the central bank said on Monday.
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