‘Inflation to remain at favorable levels’

Good macroeconomic fundamentals will keep inflation at favorable levels even if the government continues spending for the P8.44-trillion “Build, Build, Build” program, a senior Finance department official said.

The rise in consumer prices, Finance Undersecretary Gil Beltran said, remains within expectations with its average of 3.2 percent in the first 10 months of 2017 actually lower than the last seven years’ 3.16 percent.