Economists expect 3.6% inflation for 2018 – BSP

ECONOMISTS see inflation settling at 3.6 percent this year, higher than the Bangko Sentral ng Pilipinas’ (BSP) 3.4-percent full-year forecast.

“For 2018, analysts noted possible upside risks to inflation such as the implementation of the government’s tax reform program (i.e., Tax Reform for Acceleration and Inclusion), volatile global oil prices, weakening peso, rise in utility rates and food prices, higher transport fare and higher government spending,” the central bank said in its recently-released Fourth Quarter Inflation Report.