The December increase in consumer prices ran below the 2.7 percent inflation recorded in December last year.
The latest inflation rate, however, stayed within the central bank’s estimate for December this year of between 1.1 percent and 1.9 percent, the same estimates also provided by private analysts polled by the Manila Times. The December rate also matched the 1.5 percent projection by the Department of Finance.
Against the full-year average target by the BSP of between 2 percent and 4 percent, the actual 2015 average fell short at 1.4 percent. MAYVELIN U. CARABALLO