The year-to-date (YTD) inflation rate will still be lower than the Bangko Sentral ng Pilipinas’ (BSP) target band for the year, a senior official at the central bank said.

BSP Deputy Governor Diwa Guinigundo said that despite the impact of the natural calamities that battered the country this past few months, year-to-date inflation rate may still settle below the central bank’s 3-percent to 5-percent target range for 2013.

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