Headline inflation in the Philippines may hit 1.9 percent on average this year, or below the desired range of 2 percent to 4 percent set by the central bank for full-year 2015, the Singapore-based DBS Bank said in a research note.

The rate has been on a decline, easing from 4.9 percent in July 2014 gradually down to a record low of 0.8 percent in July this year, despite robust economic growth of more than 6 percent during the period.

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