‘Taal eruption could raise commodity prices in Q1’

THE impact of the Taal Volcano eruption earlier this month on the agriculture sector in Region 4A could push commodity prices higher in the first three months of the year, the Bangko Sentral ng Pilipinas (BSP) said on Thursday.

In a press chat at the central bank’s headquarters in Manila, BSP Governor Benjamin Diokno told reporters that “as with prior episodes of volcanic eruptions in the country, inflation could show a slight uptick in the coming months.”