The central bank expects inflation this month will settle between 3.9 percent and 4.7 percent, not far from the 4.1 percent rate recorded in April, with the impact of higher food prices offset by lower gas and electricity rates.
“Inflationary pressures could stem from the observed uptrend in food prices, particularly rice and sugar,” Bangko Sentral ng Pilipinas (BSP) Governor Amando Tetangco Jr. said in a text message to reporters on Wednesday.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.