Inflation is likely to hit 3.2 percent to 3.7 percent this month on the back of higher utility rates, the Bangko Sentral ng Pilipinas (BSP) said on Monday.
“Increases in domestic petroleum prices, electricity rates in Meralco-serviced areas, and water rates in Maynilad- and Manila Water-serviced areas” were cited by the central bank in a statement.
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