Inflation probably eased to as low as 0.8 percent this month or picked up slightly to 1.6 percent, the Bangko Sentral ng Pilipinas (BSP) said on Thursday, with the lower cost of power, fuel and transport to offset higher rice prices and “sin” taxes.
“The BSP forecasts January inflation could settle within the 0.8 percent to 1.6 percent range,” central bank Governor Amando Tetangco Jr. said in a text message to reporters.
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