Taal Volcano eruption to stoke inflation rate

THE eruption of Taal Volcano could stoke inflation rate to as high as 3 percent at the start of the year, a Philippine National Bank (PNB) economist said.

In a report released on Wednesday, PNB chief economist Jun Trinidad highlighted the local bank was sensing a macro downside risk from the effects of the natural disaster and would take its toll on inflation rather than on domestic demand that could undermine growth prospects.