Inflation could pick up this month given higher oil and power prices, the Bangko Sentral ng Pilipinas (BSP) said in Wednesday as it offered a 2.9-3.6 percent forecast range for November.
“Higher domestic petroleum prices and electricity rates in Meralco-serviced areas could contribute to upward price pressures, which could be partly offset by the slightly stronger peso for the month,” the central bank said.
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