Despite the expected impact of the damages brought by Super Typhoon Yolanda in consumer prices, a local think tank said that the full-year inflation rate could still be well within the target band of the Bangko Sentral ng Pilipinas (BSP).
In the latest issue of The Market Call, First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P) said that the inflation rate will certainly rise in the fourth quarter of the year, after averaging 2.4 percent in the previous quarter on the face of the slower pace in the rise of crude oil prices.
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