Inflation could drop to as low as 0.9 percent this month or accelerate to 1.7 percent, the Bangko Sentral ng Pilipinas (BSP) chief said on Friday, with subdued rice, gasoline and cooking gas prices plus lower jeepney fares offsetting higher prices of electricity, diesel and kerosene.
“February inflation could settle within the 0.9 percent to 1.7 percent range,” central bank Governor Amando Tetangco Jr. said in a text message to reporters.
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