Sept. prices seen rising 6.8 percent

PRICES in September are expected to increase by as much as 6.8 percent—a six-year high for the month—owing to adjustments in domestic oil prices and power rates, the Bangko Sentral ng Pilipinas said.

The uptrend in the forecast inflation reflects the impact of supply-side factors, particularly the series of domestic oil price increase in recent months and the recent adjustment in power rates.