Expect Sept inflation at 0.2-1.0% – BSP

The central bank estimates that headline inflation in September will settle within its projected range for the month of 0.2 percent to 1 percent, easing further from what is already the lowest on record at 0.6 percent, posted in August.

“September inflation could remain low and settle within the 0.2 percent to 1.0 percent range as downward adjustments in power rates and the modest decline in rice prices could offset the effect of a weaker peso during the month,” Bangko Sentral ng Pilipinas (BSP) Governor Amando Tetangco Jr. said in a text message to reporters on Tuesday.